January 12, 1983
According to the latest statistics, gross industrial and agricultural output in 1982 increased by 8 per cent, greatly exceeding the originally planned figure of 4 per cent -- something that had not happened in the previous two years. This raises a question: What will come of achieving a much higher growth rate than projected in the annual plan? We must investigate and study this question right away and analyse it correctly. However, this doesn't mean we should alter our Sixth Five-year Plan. Long-term plans should be more flexible, while annual plans should be more specific, though of course they should have some flexibility too. We should pay attention to improving economic efficiency, instead of just going after increases in the value and quantity of output. Experience shows that whenever our plans have been too ambitious, we have overreached ourselves. This has been a bitter lesson for us. We are already aware of this mistake and will continue to guard against it in future. But now we face the opposite situation. In short, the principles for drawing up plans are: they should be specific, flexible and achievable if we work hard.
More...