Economic Development
- 1 March 1960
- journal article
- research article
- Published by Cambridge University Press (CUP) in The China Quarterly
- Vol. 1, 35-50
- https://doi.org/10.1017/s0305741000022682
Abstract
In the ten years of Communist rule since late 1949 a thoroughgoing revolution has taken place on the Chinese mainland in economic organisation, savings and investment, and distribution, with profound effects on the daily lives of the people. Peking has claimed that immense progress has been made on all economic fronts, including the real income of industrial and agricultural workers. It has felt confident enough to shorten from fifteen to ten years (beginning 1958) the target period at the end of which its output of electric power and certain major industrial goods would match or exceed that of Britain. In the non-Communist world, commentators vary greatly in their judgments; they range from those who reject all the official statistics and consider no important progress to have been made during the period, to those who not only accept the claims in tato but have advanced all sorts of arguments to defend even those claims that Peking has later had to repudiate.Keywords
This publication has 1 reference indexed in Scilit:
- Japanese Capital Formation: The Role of the Public SectorThe Journal of Economic History, 1959