In January 1961, the Ninth Plenary Session of the Eighth Central Committee of the Communist Party of China decided on what policies to implement for the national economy.

The Ninth Plenary Session of the Eighth Central Committee of the Communist Party of China in January 1961 decided to implement the policy of adjusting, consolidating, enriching and improving the national economy.

Due to political errors and some natural and man-made reasons, China's national economy suffered serious difficulties from 1959 to 1961. Therefore, in January 1961, the Ninth Plenary Session of the Eighth Central Committee of the Communist Party of China It was decided to implement the "eight-character policy" of "adjustment, consolidation, enrichment and improvement" for the national economy. Marked by these two events, the "Great Leap Forward" movement was actually stopped, and the national economy began to shift to a new track of adjustment.

The basic content of the "Eight-Character Policy" is: to adjust the proportional relationship between various departments of the national economy, mainly the proportional relationship between agriculture and heavy industry, within industry, production and infrastructure, accumulation and consumption; to consolidate the economic construction that has been achieved Results: Enrich the production of light industry and handicraft products that use industrial products as raw materials, develop emerging industries such as plastics and chemical fibers, improve product quality, improve business management, and increase labor productivity. The core of this policy is adjustment.

Appropriately control the development speed of heavy industry, especially the steel industry, while reducing the scale of infrastructure so that national construction and people's lives can be coordinated and arranged in an all-round way. It is necessary to consolidate the achievements in the development of the national economy and enable it to develop in depth. It is necessary to use a small amount of investment to enrich the production capacity of some departments so that they can be fully integrated and achieve greater economic effects.

Extended information:

Since 1959, China, under the influence of "Left" errors, has carried out "satellite" exaggeration of production resulting in huge grain expropriations, and the People's Commune ** *The food shortage in rural areas caused by the "big pot rice" in canteens has caused serious difficulties in people's livelihood.

However, under the specific guidance of the "eight-character policy" of "adjustment, consolidation, enrichment and improvement" proposed by the Communist Party of China to restore and develop the national economy, by 1962, the economy gradually recovered. and development; in 1965, the national economic adjustment tasks were basically completed; in 1966, the country basically completed the planned national economic adjustment tasks, allowing China's national economy to be restored and developed.