Which problem were these measures intended to solve?
· Tried to work with the “national bourgeoisie”. Compensated owners of nationalized industries and left them in place as managers in the short term.
· Hired 10,000 Soviet advisors.
· First Five Year Plan 1953-1957 (drawn up in 1952)
- Targets: coal, steel, petrochemicals, automobile and transport industry
- Several spectacular civil engineering projects, ie road and rail bridge across the Yangzi at Nanjing - According to statistics, the plan exceeded targets in most areas. (These statistics are suspect, but the achievements are nonetheless impressive, especially considering the percentage of the budget going to finance the war effort .) In addition, we need to remember that part of the increase was natural recovery from the civil war and WWII.
- Economic growth rate of 9% between 1952-57