The first five year plan 1952-1956 Flashcards
(42 cards)
What did this plan mirror?
The Soviet model of industrialisation with focus being on heavy industry
Why did China had few trading partners?
A trade embargo had been imposed by Western powers on China for their involvement in the Korean war
What was signed in February 1950 between the Soviet Union?
The Sino-Soviet mutual assistance treaty
How many industrial enterprises were built?
156
How many iron and steel plants were built?
7
How many electric power stations?
24
How many machinery plants were built?
63
What did the Soviet Union supply China with?
The technical knowledge and experience of organising a centrally planned economy
How many industrial experts were sent to China?
11,000
How many Chinese technicians were sent to study in Russia?
28,000
What was the Chinese loan to the Soviet Union?
$300 million over the next 5 years
How much of 1949 output was the pre-ww2 peak?
10-20%
What was the output for coal in 1949?
50%
What was the output for electricity in 1949?
75%
What was the output for consumer goods in 1949?
70-80%
In 1953 how much did the state plan to procure grain?
22 million tons
What did annual growth average at around?
16%
How much did industrial output grow by yearly?
15.5%
How was railway increased?
Freight volume more than doubled enabling raw materials, equipment and materials to be moved around
What did the industrial working class grow to?
6 to 10 million
What attracted 35,000 workers?
A new steel centre in Anshan
By 1957 how much of Chinas steel was the Anshan centre producing?
2/3
What came under state ownership?
Large retail firms
What social elements improved?
Standard of living
Job security
Living conditions - in Shanghai expecially
