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  • China's Strategies For Development

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    Vaishnavi Singh
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    The Great Leap Forward in 1958 aimed to rapidly industrialize China through collectivization and backyard steel furnaces, but it led to a massive famine that killed tens of millions. The commune system was established across China by 1958 to utilize agricultural production for industrial investment through collective farming. The Great Proletarian Cultural Revolution that started in 1965 saw students and professors sent to rural areas, and mass killings were allowed to protect communist ideology.

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    China's strategies for development

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    The Great Leap Forward in 1958 aimed to rapidly industrialize China through collectivization and backyard steel furnaces, but it led to a massive famine that killed tens of millions. The commune system was established across China by 1958 to utilize agricultural production for industrial investment through collective farming. The Great Proletarian Cultural Revolution that started in 1965 saw students and professors sent to rural areas, and mass killings were allowed to protect communist ideology.

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    © All Rights Reserved
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    6 views1 page

    China's Strategies For Development

    Uploaded by

    Vaishnavi Singh
    The Great Leap Forward in 1958 aimed to rapidly industrialize China through collectivization and backyard steel furnaces, but it led to a massive famine that killed tens of millions. The commune system was established across China by 1958 to utilize agricultural production for industrial investment through collective farming. The Great Proletarian Cultural Revolution that started in 1965 saw students and professors sent to rural areas, and mass killings were allowed to protect communist ideology.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 1

    1958,started by Mao Zedong

    AIM:Industrialize country on a massive scale

    Great leap forward Backyard steel furnaces to be set up.

    Led to famine which resulted into death of


    tens of milloin

    By 1958, 26000 commune covering 98%


    China

    Collective Farming

    Commune system AIM: Uitilize capital from agricultural


    production to invest in industries

    Labour intensive

    1965,by Mao

    Students and prof. to learn from countryside

    Great proletarian cultural Russian withdrew thier professionals after


    the conflict.
    revolution
    Mass killing,murders allowed to protect
    communist idealogy.

    China's strategies for


    1973 :The Four Modernizations policy
    development
    1978: The Open door policy

    Agriculture for trade investment


    Economic reforms
    1st phase Communes plots

    Personal Income
    2 Phases:-
    Industry

    2nd phase Private sector

    Companies for SOEs

    Farmers to sell fixed quatities at prices fixed


    by govt.
    Fixing prices in two ways:-
    Dual pricing Otherwise free to sell at Market price

    Attract Foreign investors

    First set up in 1979

    Special economic zones (SEZs) Currently 6 SEZs in China

    AIM: To increase trade balance

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