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Heavy Industry: Heavy Industrialization and Its Evaluation

In: Studies on the Chinese Economy During the Mao Era

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  • Nariaki Kai

    (Kansai University)

Abstract

This chapter inspects the heavy industrialization during the Mao era and examines its legacy to the Deng era. Heavy industrialization in the Mao era laid the foundations of heavy industry, providing favorable conditions for economic development in the reform and opening-up era. The presence of heavy industry was maintained during the Deng era. Moreover, during the Mao era, the embryonic forms of some of the reform and opening-up policies could be found in the policies related to heavy industrialization, such as the utilization of foreign plants, technology, and funds, and the exploration for a better SOE management system. On the other hand, heavy-industry-oriented development strategy during the Mao era aimed at strengthening national defense, and as a result, investment efficiency was not improved. However, the challenge of improving investment efficiency was also a difficult issue during the Deng era.

Suggested Citation

  • Nariaki Kai, 2022. "Heavy Industry: Heavy Industrialization and Its Evaluation," Studies in Economic History, in: Katsuji Nakagane (ed.), Studies on the Chinese Economy During the Mao Era, chapter 0, pages 161-186, Springer.
    • Handle: RePEc:spr:stechp:978-981-19-5410-8_8
    DOI: 10.1007/978-981-19-5410-8_8
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