The financing of public investment in Communist China.

by Feng-hwa Mah

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An inquiry into the state capital investment in Communist China during the first Five Year Plan (1953-1957). The Chinese Communists extracted funds to maintain a high investment level through a forced industrialization program. External sources for financing during this period were negligible, and development after 1956 indicated that it was not likely that additional external funds will be forthcoming in the foreseeable future. Much of the domestic financing was accomplished by the transfer of financial resources out of the agricultural sector.

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