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The Cultural Revolution

In Our Time: History

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China's Market Revolution, Uno, Changes the World

In 19 64, as part of male's ongoing war with the soviets and ar the americans, he starts to argue very seriously that china needs to protect its industry. So factories on the east coast were told to pack up and rebuild in the poor, isolated west of the country. Between 19 66 and 19 75, the so called third front, swallowed up almost half of national investment. And economists broadly agree that this was a huge misuse of capital.

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