This Day, That Year
China Daily | Updated: 2019-05-14 07:32
Editor's note: This year marks the 70th anniversary of the founding of New China.
In May 1953, the implementation of China's first Five-Year Plan officially started. It was an economic program that ran from 1953 to 1957.
It aimed to strive for a high rate of economic growth and emphasize development in heavy industry (mining, iron and steel manufacturing) and technology (machine construction).
Photo
