Economic policy, 1949–65 (Edexcel GCSE History): Flashcards

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The first Five-Year Plan
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Years of China's first Five-Year Plan

1953-1957

Leader who launched first Five-Year Plan in 1953

Mao Zedong

% of state investment in heavy industry during plan

90 percent

Soviet experts sent to China during first plan

11,000 experts

Chinese technicians trained with Soviet help

28,000 technicians

Treaty signed by Mao & Stalin in Feb 1950

Treaty of Friendship, Alliance and Mutual Assistance

Soviet loan amount for first Five-Year Plan

$300 million

Number of new factories in Soviet plans

156 factories

Major bridge built during plan (location)

Wuhan bridge across Yangtze River

War influencing China's military priorities (1950-53)

Korean War

Years USSR took to industrialise (China's inspiration)

20 years

Economic system shift during first Five-Year Plan

Market-driven to state-directed

Ideologies requiring industrialisation for socialism

Maoism and Marxism

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