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China faces a problem with air quality as a consequence of industrialization. China ranks as the second largest consumer of oil in the world, and "China is the world's top coal producer, consumer, and importer, and accounts for almost half of global coal consumption.”, [55] as such their CO 2 emissions reflect the usage and production of ...
Larger and more modern fertilizer plants were located in every municipality, province, and autonomous region. In the early 1970s, China negotiated contracts with foreign firms for construction of thirteen large nitrogenous-fertilizer plants. By 1980 all thirteen plants had been completed, and ten were fully operational.
The plan draft anticipates that the average annual growth rate of industrial and agricultural output value will be 12.5%, the five-year total capital construction investment in the state budget will be 130 billion yuan, the grain output in 1975 will be 600-6500 billion jin, cotton will be 65-70 million quintals, steel will be 35-40 million tons ...
Under Mao's leadership, China broke with the Soviet model and announced a new economic program, the "Great Leap Forward", in 1958, aimed at rapidly raising industrial and agricultural production. Specific to industrial production, Mao announced the goal of surpassing the steel production output of Great Britain by 1968.
When the Chinese Communist Party (CCP) came to power in 1949, its leaders' fundamental long-range goals were to transform China into a modern, powerful, socialist nation. In economic terms these objectives meant industrialization, improvement of living standards, narrowing of income differences, and production of modern military equipment.
China is considered the most open large country; by 2005, China's average statutory tariff on industrial products was 8.9%. The average was 30.9% for Argentina, 27.0% for Brazil, 32.4% for India, and 36.9% for Indonesia. [148] China's trade surplus is considered by some in the United States as threatening American jobs.
The Great Leap Forward, similar to the Five-year plans of the Soviet Union, was Mao Zedong's proposal to make the newly created People's Republic of China an industrial superpower. Beginning in 1958, the Great Leap Forward did produce, at least on the surface, incredible industrialization, but also caused the Great Chinese Famine , while still ...
The 3rd Five-Year Plan of China was a set of economic goals designed to strengthen the Chinese economy between 1966 and 1970. It was the first five-year plan held after the Great Leap Forward, and the plan was implemented around the same time as the Cultural Revolution.