The Central People's Government shall strive to draw up, as soon as possible, a general plan for rehabilitating and developing the main departments of the public and private economy of the entire country.
It shall also fix the scope of the division and co-ordination of labour between the central and local governments in economic construction, and shall undertake centralized regulation of the interrelationship between the economic departments of the central and local governments.
Under the unified leadership of the Central People's Government, the various economic departments of the central and local governments should give full play to their creativeness and initiative.
Content
Introduction...
In industrial policy the GMD government was also was indebted to the SU and made their own long-term economic plans. For example, Reconstruction Ministry's Ten-Year Plan of 1928, the Industry Ministry's Ten-Year Plan of 1930 and Four-Year Plan of 1932, the National Economic Council's Three-Year Plan of 1931. However, none of these enjoyed the political support, financial resources or technical expertise needed to meet their objectives.
Two key areas of planning were crucial: the war economy itself, encompassing the production and distribution of coal, iron, petroleum, chemicals, transportation equipment, and various spare parts, alongside the critical task of funding these activities amidst rising inflation. Secondly, and perhaps even more intricate given its scope, was the planning for China's postwar economic development. Government control and the growth of the state industrial sector were intended to continue at an even greater pace after the war, and to affect areas of the economy that had been largely outside of government control before 1937, including light industry and foreign-owned enterprises. After the end of the war, the GMD government continued, despite US demands to privatize the Chinese industry, in the direction of increased economic control and expanded the state sector and the planned economy at a rapid rate.
On April 19, 1954, the Central Committee of the Communist Party of China issued the "Decision on Establishing an Eight-Member Working Group for Compiling the Draft Outline of the Five-Year Plan" The working group is composed of Chen Yun, Deng Xiaoping, Deng Zihui, Xi Zhongxun, Li Fuchun, Zhou Enlai etc., and Chen Yun is the team leader. The resolution pointed out that the task of the working group is to further study the speed of industrial development in the outline of the first five-year plan, the 141 construction projects aided by the Soviet Union, the proportion of investment, the degree of socialist transformation of agriculture, handicrafts and private industry and commerce, and market stability.
Under construction...
5 year plan
Under construction...
Fig. 33.1 Regional allocation of industrial investment, 1953–57 (in millions ¥)
