- Created by: KimNoel
- Created on: 01-02-19 13:38
1st five year plan 1952-56
Why was it not immediately introduced:
- Mao regarded the establishment of a much stronger industrail base - vital for Chinas development of world power.
- This meant that an economic plan couldn't be launched immediately due to: Communists had to consolidate their political control, they had to reduce annual inflation rate from 1,000% which they inherited. The need to reward the peasants for their support by arranging land redistribution - all these took proirity over the economic plan - also their was a high military spending which caused the dely.
The USSR's financial and technical support
Why they used the Soviet model:
- The soviet russia was still of inspiration to Chinese Communists
- 1949 - Mao said he…