Richard asks…what problems existed with chinas economy?and how did mao fix them?admin answers:In 1958-61, the attempt, initiated by Mao Zedong, to resolve China's economic problems by rural industrialization.
China launched her First Five Year Plan in 1953. It was accompanied by the phased collectivization of agriculture and the nationalization, with compensation, of industry and commerce. The plan was based on the Soviet model: using concealed taxation of peasant incomes in the form of
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