Monday, June 8, 2015

Economic Policies of China

  During the ruling era of Mao Zedong, Mao made China as a communist country. He said that communism would help end China’s reputation as a lesser-developed country. He seeks after his successful 5 years of leading China, he invented another 5 years plan called “ The Great Leap Forward”. This was created because Mao was worried that china was settling into the old way. He saw the middle class running the factories and many more. He wanted revolution in order to hand control back to the peasants and workers. Despite the success in the first five years plan, china’s manpower is not used efficiently. There were still a lot of unemployed people. There is also a problem of how china raise enough money to build industries in countryside in order for the peasants to be worker. Therefore, he introduced the ‘Great Leap Forward” plan.


   Since Mao was satisfied with his first 5 years success, he then got too ambitious. When he introduced the “Great Leap Forward”, things started to get chaotic. The great leap forward produce things to fast, leading to huge mistakes. Industries became inefficient and wasteful. They came to a phase where they produce low quality iron and steel. Food production also slumped and too many peasants had been moved from agriculture to industry. By 1961, China was buying resources from abroad.

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