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in 1953, china instituted the five-year plan primarily to reshape its economy. the plan was designed to establish a . as a result of the plan, steel and coal p one of the failures of the plan was that capitalist economic system p up with industry. communist economic system
China's 1953 Five - Year Plan was part of building a socialist (communist - oriented) economic system. The capitalist economic system is not what China aimed for at that time as it was moving towards a planned economy under communist ideology.
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communist economic system