First 5 year plan (1 Jan 1953 Jahr – 1 Dez 1957 Jahr)
Beschreibung:
- Modelled on Stalin's 5 year plans
- The goal was to make China self sufficient and develop its heavy industry
- The aid given in the Treaty of Friendship (money and experts) aided the implementation of the 5 year plan
- Through Soviet experts, China was able to build modern constructions (e.g. electric power stations, steel plants, bridges with steel, etc.)
- Scaffold of previous economic reform already in place (the National Resource Committee (NRC) set up by the GMD)
- E.g. inflation controlled (1000% in 1949 to 15% in 1951)
- Plan produced considerable results; large increases in select sectors of production
- Collectivisation of farms began in 1956
Zugefügt zum Band der Zeit:
Datum:
1 Jan 1953 Jahr
1 Dez 1957 Jahr
~ 4 years and 11 months