On road to better high-quality development
By Wang Xiaosong | China Daily | Updated: 2019-09-18 08:32
Since its founding in 1949, the People's Republic of China's industrial structure has gone through several significant changes. In 1949, China was a typical agricultural country, with the primary, secondary and tertiary industry accounting for 58.5 percent, 25.9 percent and 15.6 percent of its GDP.
The national economy recovered after three years of tenuous efforts, following which China introduced planned economy.
From 1958 to 1978, China strengthened its industrial structure. For instance, during the First Five-Year Plan (1953-57), China optimized its industrial structure by focusing on the core task of facilitating socialist industrialization.
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