Mao's Road to Power: The New Stage (August 1937-1938) (Mao's by Stuart R. Schram, Zedong Mao, Nancy Jane Hodes

By Stuart R. Schram, Zedong Mao, Nancy Jane Hodes

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Extra resources for Mao's Road to Power: The New Stage (August 1937-1938) (Mao's Road to Power: Revolutionary Writings, 1912-1949 Vol.6)

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The third has already been the subject of considerable controversy and research by economists;16 also, since the break up of the country itself, the comparative significance of this issue obviously has declined. However, to the extent that data availability permits when we look into the factors which influenced private industrial investment, we shall study them for the country as a whole and then separately for the two provinces. 16 Besides the Reports of the Advisory Panels for the Fourth Five Year Plan (Planning Commission, 1970a, Vol.

With the resumption of foreign aid in April 1966, the government felt that it could now go ahead with the original schedule. Also the evidence showed that there was considerably greater demand than had been provided for in the Hard Core Schedule, and provisions in a number of industries had already been exhausted. Also, a number of investors were interested in investing in industries which were not covered by the Hard Core Schedule. P. , 1968, p. ii). ) Schedule for the rest of the Plan period.

In July 1964, the goods on the free list were extended to more than fifty items. 1). These attempts to dismantle the import control machinery, especially the experiment with the free list, suffered a serious set-back after June 1965, when, because of the foreign exchange constraint, the government felt it necessary to re-introduce an increasing degree of import control. The free list was not completely abandoned, but the items placed on it were subject to considerable administrative controls. The government also introduced the cash-cum-bonus scheme according to which half the foreign exchange needed to import certain goods had to be covered by bonus vouchers purchased by the importer, which had the effect of raising prices by about 75 per cent (the premium on bonus vouchers was about 150 per cent).

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