Word: bingqian
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Dates: during 1981-1981
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...sure, the congress delegates were informed of some "great achievements" in the country's economic readjustment policy. Light industry, for instance, was up this year by 12% and there were impressive increases in rural incomes. Moreover, Finance Minister Wang Bingqian told the delegates that China's budget deficit for 1981 will fall to $1.6 billion, down from $8 billion last year. But heavy industrial output declined by 5% from last year. And the nation's overall growth rate was only 3%, far too sluggish for a country with an estimated per capita income of $250 annually...
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