The 6th Five-Year Plan from 1981-1985 focused on continuing economic restructuring and modernization in China. Key goals included maintaining steady GDP growth of around 10% annually, increasing production of steel, coal, electricity and other important products, improving infrastructure through new construction projects, achieving fiscal balance, and expanding foreign trade.
The 6th Five-Year Plan from 1981-1985 focused on continuing economic restructuring and modernization in China. Key goals included maintaining steady GDP growth of around 10% annually, increasing production of steel, coal, electricity and other important products, improving infrastructure through new construction projects, achieving fiscal balance, and expanding foreign trade.
The 6th Five-Year Plan from 1981-1985 focused on continuing economic restructuring and modernization in China. Key goals included maintaining steady GDP growth of around 10% annually, increasing production of steel, coal, electricity and other important products, improving infrastructure through new construction projects, achieving fiscal balance, and expanding foreign trade.
-It is a strategy that keeps putting into practice the readjustment,
restructuring, consolidation, and improvement policies. It also ensures that the national economy will advance the modernization program and allow the people to continuously enhance their standard of living. The total national economy maintained a steady growth rate . Industrial and agricultural product growth averaged 11% per year. In 1985, the gross national product reached 778 billion yuan, representing an average yearly growth rate of 10% after inflation since 1980. The volume of production of important products increased considerably. In 1985, steel increased by 26.1 percent, coal by 37.1 percent, electricity by 35.8 percent, crude oil by 17.9 percent, cotton by 92.8 percent, and grain by 21.4 percent. Infrastructure construction and technological advancements have made progress. The total investment in fixed assets for publicly held firms reached 530 billion yuan. 496 medium and large projects were built and started, and another 200,000 were converted and upgraded. Year by year, the fiscal position improved. Fiscal revenue increased by an average of 15.9 billion yuan per year, representing a 12% yearly increase, achieving fiscal revenue and expenditure balance. Foreign trade and technical interchange have entered a new era . China rose from 28th in 1980 to 10th in 1984 in terms of global export volume.