the first 5 year plan Flashcards
when did first 5 year plan take place
1952 - 1956
USSR help in launching 5 year plans
by 1951 initial problems such as inflation being under control from to 15% from 1000% and cuts in public spending and increased taxation meant Mao could launch 5 year plan
closely modelled USSR and Mao trusted as helped defeat Germany in WW2
China had few trading partners so relied on USSR for economic help
Sino soviet treaty signed in 1950, soviet loaned 300 million dollars over 5 years and 10,000 experts migrated to China to offer training, advice and help
China paid for salaries of these workers, housed and guarded, bullion stocks were handed over, loans were to be repaid with interest
what was the target of first 5 year plan
To make the peoples republic of China self sufficient in food, manufactured goods to protect China from threatening capitalist world
targets set above by economic planners
heavy industry comes first
propaganda projects such as Yantze bridge
Plans targets
113 million tonnes of coal
4.12 million tonnes of steal
success of first 5 year plan
most sectors of economy reached targets in some cases exceeded e.g. 115% coal, 129% steel
annual growth rate around 9%
urban living standards improved (wages and job security)
propaganda success, Yangtze river
population in cities and towns doubled
CCP gained greater control over people
failures of first 5 year plan
quantity over quality
officials exaggerated levels of output
Chinese workers low level of literacy and skill holding back economic growth
Chinese admin lacked organisation experience due to anti campaigns so less efficient
competition of resources between state and private but solved when private ownership banned in 1956
peasants worse off as light shortages of food due to over exportation
