📅 3 Maart 1950
The decision to unify national financial and economic work brought budgets, supplies, trade and monetary management under stronger central coordination. It helped contain inflation and restore the...
📅 1 Januari 1953
The first plan launched large-scale state-led industrialization, prioritizing heavy industry, energy, machinery and transport. It drew on Soviet planning methods and technical support, and aimed to...
📅 22 November 1953
A State Council order established planned procurement and planned supply of grain. The policy helped feed cities, build reserves and supply expanding industry, but it also gave the state stronger...
📅 1 Maart 1955
The currency reform replaced the early renminbi at a ratio of 10,000 old yuan to one new yuan. The change simplified accounting after the postwar inflationary period and supported national fiscal...
📅 30 Juli 1955
The legislature formally approved the 1953–1957 plan after implementation had already begun. It set targets for industrial construction and major infrastructure, with Soviet-supported projects and...
📅 14 Januari 1961
The Ninth Plenum of the Eighth Central Committee adopted a policy to rebalance the national economy after the Great Leap. It prioritized agriculture and essential consumer goods, cut excessive...
📅 18 December 1978
The Third Plenum of the Eleventh Central Committee moved the Party’s focus from class struggle to socialist modernization and endorsed reform and opening as the new strategic direction. It marked a...
📅 1 April 1979
Higher state purchase prices improved incentives and rural incomes after years in which agricultural surpluses had been mobilized to support industry. The change mattered alongside household...
📅 1 Januari 1985
The state retained planned prices and quotas while allowing above-quota output and some inputs to trade at negotiated or market prices. This gradual approach avoided a single shock to state allocation...
