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How Did The Communist Party Get A Panned Economy

408 Words2 Pages
In past ages, Agriculture was the main source of China economy. In 1949 People's Republic of China was found by the China Communist Party as they came into power. To stable on their own, leaders of the party decided to focus on the development of heavy industries as it is the only way to became stable on their own. Self coantained was imorpant at that time because of the Korean War and China's military issues with the National Party in Taiwan. China's economy was very poor at that time and imbalance in this its resources make it difficult to get good economy. Therefore the China Communist Party get a panned economy and created different ways to lower the barriers for the development of heavy industries. They low the interest rate and lower
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