43 Plan

The Four Three Plan or 43 Plan was the People's Republic of China's plan to introduce complete sets of technical equipment on a large scale from the United States, the Federal Republic of Germany , France, Japan, the Netherlands, Switzerland, Italy and other Western countries in the early 1970s. It was formally proposed in 1973. Since the late 1960s and early 1970s, China made use of foreign exchange reserve as well as deferred payment to import US$4.24 billion of machinery.[1]

The "Four Three Plan" was the abbreviation of the foreign introduction plan "aimed at improving people's livelihood" proposed to the State Council by the State Planning Commission in the late Cultural Revolution in accordance with the spirit of Chairman Mao Zedong's instructions. Because the plan proposes "to solve the problem of food and clothing for the people ", it planned to introduce complete sets of equipment with a total value of US$4.3 billion from the United States, the Federal Republic of Germany, France, Japan and other Western developed countries in three to five years.", which is how it got its name the "43 Plan" Also known as "Project 43".

  1. ^ 石林 (Shi Lin), 当代中国的对外经济合作 (Contemporary China’s Economic Cooperation). China Academy of Social Science Press, 1989: 320. Quoted in 崔新健 (Cui Xinjing), 中国 利用外资三十年 (China Making Use of Foreign Capital in 30 Years). China Financial and Economic Press, 2008: 6.