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4 Cards in this Set
- Front
- Back
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What did the plan closely mirror?
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The Soviet model of industrialisation, but especially the Stalinist focus on the centralisation of heavy industry. |
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What were some of the targets of the plan?
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- To catch up with the rest of the world with industrial production - A high rate of growth, particularly in heavy industry - Investment in advanced technology - The construction of modern industrial plants - Self-sufficiency - A very high level of grain procurement at fixed prices to fund the industrialisation of cities - To stimulate the transformation towards a socialist society |
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What were some of the some of the successes of the plan?
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- The annual growth rate averaged 16% - Heavy industrial output nearly tripled - Railway freight volume more than doubled - The industrial working class grew from 6 million to 10 million - By 1956, private sector industry had been abolished - The standard of living of industrial workers improved - With greater urbanisation, the CCP could heighten its influence over the population |
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What were some of the failures of the plan? |
- The plan was dependent on loans from the USSR which had very high interest rates - The loans meant farmers were forced to sell crops to the state at artificially low prices - Agricultural output grew at 2.1% per year - a sharp decline from 14.1% 1949-52 - The supply of consumer goods was very low - The Chinese lacked organisational and management experience - There was little investment in healthcare or education |
