26
May
First Five Year Plan China Statistics. The bulk of the states investment was channeled into the industrial sector while agriculture which occupied more than four-fifths of the economically active population was forced to. The First Five Year Plan resulted in the easy access of staple foods bread potatoes and cabbage across the Soviet Union. When Mao came to power in 1949 China was many years behind the industrial nations of the world. Chinas government released details of its 14th five-year plan on Thursday and says reducing dependence on foreign technology is a top priority.
More than half of the investment of 76640 million Yuan RMB roughly 32500 million US for the five years was going into the industry mainly for basic construction 20 into transport and telecommunications and just 7 into agriculture. The First Five-Year Plan 195357 emphasized rapid industrial development partly at the expense of other sectors of the economy. Beijing looks to the Soviet Unions model of economic planning to prepare its 1st five-year plan. Chinas Five-Year Plan FYP system is formulated to make plans for economic and social development over the coming five years. 2020 is the last year of the 13th FYP. China needed to industrialize and they now had money thanks to USSR loans and Experts Which they thought they were lacking thanks to the USSR and the patriotism of some Chinese experts.
More than half of the investment of 76640 million Yuan RMB roughly 32500 million US for the five years was going into the industry mainly for basic construction 20 into transport and telecommunications and just 7 into agriculture.
The five-year plan calls for more than a doubling of production to 6 million tons Table 8. In 1957 grain production reached 195 billion kilograms and cotton output 328 million dan 1 dan 50 kilograms both surpassing the targets set in the Plan. Its goals conflicted with the five-year plan leading to failure and the withdrawal of Soviet aid in 1960. A total of 13 five-year plans have been made and implemented except for a period of economic adjustment between 1963 and 1965. In 1953 China started its first five-year plan covering 19531957. Out of a projected capacity increase of 236 million tons to be completed by 1957 650000 tons were com.