Video Descriptors
Case:
After PRC was established in October 1949, the Chinese economy reoriented from its traditional household-based, “bottom-heavy” agricultural economy into a socialist industrial complex. Planners poured resources into capital-intensive factories producing metals, machinery, and chemicals. A new inward-directed strategy was adopted and China turned to the Soviet Union as its primary model, chief trading partner, and source of technology.
Heavy industry typically involves the production of large, capital-intensive goods, such as machinery, equipment, and vehicles, as well as raw materials like steel, cement, and chemicals. These industries require heavy machinery, large factories, and a significant amount of energy to operate. Examples of heavy industries include steel production, mining, oil and gas extraction, and construction.
On the other hand, light industry typically involves the production of smaller, consumer-oriented goods, such as textiles, clothing, food products, and electronics. These industries tend to be less capital-intensive and rely more on labor and technology than heavy industry. Examples of light industries include garment manufacturing, food processing, and electronics assembly.
Timespaced to 1949, THB it is in CCP’s interest to strongly prioritize development of light industry over heavy industry in their economic agenda.
Caveats
- The policies are mutually exclusive — Opp defends prioritizing heavy industry, no middle ground
- Note: This is not an actor analysis, what is in the CCP’s best interest, not what they would do
Description:
There is no data in this field
Tags
Econ IR,
HIR,
Opp Win