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  • 6 - China's economic policy and performance

  • from PART III - THE CULTURAL REVOLUTION AND ITS AFTERMATH
  • Edited by Roderick MacFarquhar, Harvard University, Massachusetts, John K. Fairbank, Harvard University, Massachusetts
  • Book:
    The Cambridge History of China
    Published online:
    28 March 2008
    Print publication:
    29 November 1991, pp 473-539

  • Summary

    Few really new economic ideas or policies were put forward during the Cultural Revolution decade, 1966-76. China's economic strategy emphasizing machinery and steel was virtually a carbon copy of Stalin's development strategy for Russia in the 1930s. Before turning to China's development strategy in the Cultural Revolution period, one must first deal with the argument that China had no coherent strategy in the period, because the country was in continual chaos. Politics, of course, was frequently chaotic, but the question here is whether politics regularly spilled over into the economy, causing work stoppages and worse. China's basic industrial development strategy was set in the 1st Five-Year Plan, of 1953-57. In terms of sectoral growth strategies, China had made a significant move in the direction of the strategy that had proved so successful among its East Asian neighbors.