The Foreign Trade Policy of The Mao Tse-Tung Clique

Wolfgang Ernst

Chinese Economy, 1969, vol. 3, issue 1, 33-47

Abstract: China's economy recovered from the war devastation during the first three years, 1950-1952, after the founding of the People's Republic. Practically all production in the branches of the economy either reached or surpassed the record of old China. The first five-year plan was launched in 1953, and gross industrial output increased during the plan period by 120%, while agricultural output rose by 25%. It was in that period that the Chinese people â through their own efforts, under the leadership of the Communist Party, and with the help of the socialist countries, particularly the Soviet Union â successfully laid the foundation for the further development of socialism and socialist industrialization. And it was through the active assistance of the Soviet Union that 156 projects were built during the first plan period.

Date: 1969
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