China's Foreign Indebtedness Problem

Hagopon is popularly remembered as just being the guy who upheld the two wadevorisms. He wanted to pursue this under some sort of a ten year, big push, soviet style industrialization plan. This was meant to be fueled with foreign technology and financed with petroleum exports. But it becomes clear that if china would continue importing foreign technology and capital goods on a large scale, it would run into a foreign indebtedness problem. The moment for revolutionary enthusiasmas has really been completely turned around in China.