East Asia

China’s Agricultural and Industrial Policies in 1971*

The performance of the agricultural and industrial sectors during 1971 acquires an added significance as 1971 happens to be the first year of China’s ambitious Fourth Five-Year Plan. This Plan visualized new dimensions for the policies in these two basic sectors. This policy has aimed at optimum utilization of all factors of productions increasing the operational efficiency of both peasants and industrial labour through material incentives like private plots