The Common Program of the People's Republic of China 1949-1954


Yan (2020) concludes "Under the First FYP, sectoral achievements exceeded national planning. Between 1953 and 1957, the railway sector was highly centralized under the Ministry of Railways (MOR), and railway production was characterized as highly concentrated, greatly coordinated and semi-militarized. The central government also adopted the Soviet Union’s planned transport and one-man management System to strengthen national planning, which meticulously planned railway production from road construction to locomotive manufacturing and loading capacity."

Peruzzi (2017) lists all the benefits of the special relationship between Hongkong and UK "The ‘special relationship’ between Hong Kong and mainland China had multiple reasons to exist. Hong Kong’s industry needed low-cost raw materials and labour, as well as food and water from China; this soon developed into a decisive dependence on maintaining an ‘open door’ with Socialist China. However, the PRC also needed the financial and logistic services which only Hong Kong could provide. The colony was the operative base for PRC-controlled banks and enterprises formally registered there,90 which enabled them to bypass embargoes and other forms of international controls.91 Above all, Hong Kong represented the most important supplier of sterling for the PRC economy, both through migrants’ remittances and the direct purchase of sterling and sterling securities. "

Yan (2020). Page 238 [↩] [Cite]
Peruzzi (2017). Page 42 [↩] [Cite]