first five year plan

• when was it 


  1951-55
• its aim was to improve heavy industry:

  • fuel and power
  • iron and steel
  • chemicals
  • metallurgy and building
• heavy industry was achieved at the expense of consumer goods
• successes

  • it over-fulfilled its many targets
  • overall industrial production had doubled since 1950
  • had successful production of iron, sulphuric acid and cement
• failure

  • production of steel and lignite fell short of their targets
  • many of the newly created industrial enterprises were established at inappropriate locations and were often unprofitable