FIVE year plans, MONETARY policy -- China, SOCIALISM -- China, and CHINESE history, 1949-1976
During China's First Five-Year Plan (1953–1957), a state purchasing monopsony on grain injected sudden, concentrated spurts of cash into the rural economy. Grassroots cadres faced a new problem: peasants with too much cash burning a hole in their collectivized pocket were prone to "spontaneous capitalist tendencies," including high-interest lending, hoarding, and black-market activity. By examining previously unused documents from the Wenzhou Party Committee, this study explores the role of " huilong "—the return flow of cash into the coffers of the People's Bank of China—as a tool of local governance to mitigate such tendencies. Ultimately, the study shows that illicit economic activity was not merely a function of capitalist ideology but was a structural side effect of the planned economy itself. Regional authorities recognized this. Their attempts to curb capitalist behavior reflected a sophisticated appreciation of the perils of excess money and an almost monetarist policy prescription to counter them. [ABSTRACT FROM AUTHOR]
INDUSTRIALIZATION, SOCIAL engineering, RAILROAD travel, RAILROAD design & construction, CONSTRUCTION projects, SOCIALISM -- China -- History, and TWENTIETH century
The article examines China's industrialization, social engineering projects, and national imagination prominently figured in mobilizational socialized films between 1949 and 1965. It argues that railway travel and construction site symbolize the poetics of socialist industrialization in representational form of industrial enterprise. It exploes the mobilization of camaraderie, professional care, domestic warmth, and communitarian intimacy into productive energy to raise productive efficiency.