1/264 <font color=red></font> 09-07 11:14:18-09-07 11:14:28 From 1953 to 1983,<br>2/264 <font color=red>xss</font> 09-07 11:14:16-09-07 11:14:42 Billions of farmers have paid six trillion yuan for China's ...<br>3/264 <font color=red>bg</font> 09-07 11:16:07-09-07 11:16:15 This amount of money was equivalent to the total value of al...<br>4/264 <font color=red>bg</font> 09-07 11:14:17-09-07 11:14:21 1954,<br>5/264 <font color=red></font> 09-07 11:22:12-09-07 11:22:31 A farmer named Li Lao Shen in Hebei has a debt of 300 jin (a...<br>6/264 <font color=red>n</font> 09-07 11:14:20-09-07 11:14:21 He didn't know that,<br>7/264 <font color=red></font> 09-07 11:14:21-09-07 11:14:29 These grains he delivered are being used for the iron produc...<br>8/264 <font color=red>aaa</font> 09-07 11:14:23-09-07 11:14:28 The oil workers in Daqing receive their rations at the set p...<br>9/264 <font color=red>n</font> 09-07 11:14:27-09-07 11:14:32 Sold him fertilizer at the same price as before.<br>10/264 <font color=red>bg</font> 09-07 11:14:24-09-07 11:14:35 The difference in the middle is called a scissor loss.<br>11/264 <font color=red></font> 09-07 11:16:39-09-07 11:16:52 In the past thirty years,<br>12/264 <font color=red>hp</font> 09-07 11:15:23-09-07 11:15:27 The difference is over six trillion.<br>13/264 <font color=red>hp</font> 09-07 11:14:28-09-07 11:14:35 But Li Lao Shen didn't get a share certificate.<br>14/264 <font color=red></font> 09-07 11:14:30-09-07 11:14:49 Today, we will use the framework of equity investment to ana...<br>15/264 <font color=red>de</font> 09-07 11:14:29-09-07 11:14:38 How was this bill paid?<br>16/264 <font color=red>xss</font> 09-07 11:15:15-09-07 11:15:39 Welcome to the Industrial Party's perspective,<br>17/264 <font color=red></font> 09-07 11:14:36-09-07 11:14:44 I'm the elder, and in our previous two sessions we discussed...<br>18/264 <font color=red></font> 09-07 11:14:33-09-07 11:14:42 The first year of 1978,<br>19/264 <font color=red>aaa</font> 09-07 11:14:35-09-07 11:14:42 China is not just poor and white.<br>20/264 <font color=red>n</font> 09-07 11:14:39-09-07 11:14:44 Instead, there is a complete industrial system.<br>21/264 <font color=red>hp</font> 09-07 11:14:42-09-07 11:14:49 The second batch of township enterprises were the first indu...<br>22/264 <font color=red>aaa</font> 09-07 11:14:46-09-07 11:14:53 Today, I'm going to tell you who was the first person to mak...<br>23/264 <font color=red>de</font> 09-07 11:14:44-09-07 11:14:53 I will argue this point in five layers.<br>24/264 <font color=red>bg</font> 09-07 11:14:41-09-07 11:14:46 First,<br>25/264 <font color=red></font> 09-07 11:14:45-09-07 11:14:53 What is a paper cutter?<br>26/264 <font color=red>xss</font> 09-07 11:14:47-09-07 11:15:03 It's not a conspiracy,<br>27/264 <font color=red>bg</font> 09-07 11:14:53-09-07 11:15:03 It is the inevitable path for agricultural countries to tran...<br>28/264 <font color=red>n</font> 09-07 11:14:50-09-07 11:14:58 Second,<br>29/264 <font color=red></font> 09-07 11:14:52-09-07 11:15:02 The scale behind the numbers: six billion,<br>30/264 <font color=red>hp</font> 09-07 11:14:55-09-07 11:15:02 The background is the specific contribution of billions of f...<br>31/264 <font color=red></font> 09-07 11:14:56-09-07 11:15:03 Third,<br>32/264 <font color=red></font> 09-07 11:14:59-09-07 11:15:03 What did the farmer get?<br>33/264 <font color=red>de</font> 09-07 11:15:02-09-07 11:15:15 Later, productivity redistribution was achieved in a differe...<br>34/264 <font color=red>aaa</font> 09-07 11:15:00-09-07 11:15:03 Fourth,<br>35/264 <font color=red></font> 09-07 11:15:05-09-07 11:15:15 Compare all industrialized countries,<br>36/264 <font color=red>hp</font> 09-07 11:15:06-09-07 11:15:15 Where does the original accumulation come from?<br>37/264 <font color=red>n</font> 09-07 11:15:03-09-07 11:15:13 Fifth,<br>38/264 <font color=red>bg</font> 09-07 11:15:08-09-07 11:15:15 An counterintuitive conclusion,<br>39/264 <font color=red></font> 09-07 11:15:11-09-07 11:15:15 Why is China's model both brutal and unique?<br>40/264 <font color=red>n</font> 09-07 11:15:16-09-07 11:15:27 Let's start by clarifying what "scissors and fork" means.<br>41/264 <font color=red>aaa</font> 09-07 11:15:12-09-07 11:15:15 October 1953,<br>42/264 <font color=red></font> 09-07 11:15:13-09-07 11:15:27 The government has implemented a unified procurement and sal...<br>43/264 <font color=red>bg</font> 09-07 11:15:17-09-07 11:15:27 Farmers must sell their crops to the state at a price set by...<br>44/264 <font color=red></font> 09-07 11:15:20-09-07 11:15:27 Cannot be freely traded.<br>45/264 <font color=red></font> 09-07 11:15:21-09-07 11:15:27 At the same time,<br>46/264 <font color=red>aaa</font> 09-07 11:15:25-09-07 11:15:27 Farmers buy fertilizers,<br>47/264 <font color=red></font> 09-07 11:15:29-09-07 11:15:39 The key issue in purchasing agricultural products and machin...<br>48/264 <font color=red>de</font> 09-07 11:15:27-09-07 11:15:39 The government sets the price of industrial products higher ...<br>49/264 <font color=red>xss</font> 09-07 11:16:23-09-07 11:16:42 The difference in the middle is like a pair of scissors,<br>50/264 <font color=red>bg</font> 09-07 11:15:28-09-07 11:15:39 1. Check the prices of agricultural products,<br>51/264 <font color=red>hp</font> 09-07 11:17:18-09-07 11:17:25 The price difference between one unit of industrial goods an...<br>52/264 <font color=red></font> 09-07 11:15:31-09-07 11:15:39 This is not a concept invented by China.<br>53/264 <font color=red>hp</font> 09-07 11:15:32-09-07 11:15:39 In the 1920s,<br>54/264 <font color=red>n</font> 09-07 11:15:35-09-07 11:15:39 From the Soviet Union,<br>55/264 <font color=red></font> 09-07 11:15:39-09-07 11:15:54 Introduced to China in the 1930s,<br>56/264 <font color=red>bg</font> 09-07 11:15:40-09-07 11:15:54 All countries that have transitioned from agricultural to in...<br>57/264 <font color=red>aaa</font> 09-07 11:15:36-09-07 11:15:39 Why?<br>58/264 <font color=red></font> 09-07 11:15:46-09-07 11:15:54 Because industrialization requires three things,<br>59/264 <font color=red>hp</font> 09-07 11:15:42-09-07 11:15:54 Capital,<br>60/264 <font color=red></font> 09-07 11:15:45-09-07 11:15:54 Labor,<br>61/264 <font color=red>aaa</font> 09-07 11:15:47-09-07 11:15:54 Raw materials,<br>62/264 <font color=red>n</font> 09-07 11:15:50-09-07 11:15:54 Three things are in the countryside, and they belong to an a...<br>63/264 <font color=red>de</font> 09-07 11:15:52-09-07 11:16:04 You don't extract from rural areas.<br>64/264 <font color=red>xss</font> 09-07 11:15:54-09-07 11:16:15 Where do remaining industries come from?<br>65/264 <font color=red></font> 09-07 11:16:01-09-07 11:16:15 Scissors and forks are the problem of agricultural countries...<br>66/264 <font color=red>bg</font> 09-07 11:15:56-09-07 11:16:04 After fixing it, I'll have the farmers who were previously r...<br>67/264 <font color=red>hp</font> 09-07 11:15:57-09-07 11:16:04 Now, when it comes to suggesting numbers, I recommend you sa...<br>68/264 <font color=red></font> 09-07 11:15:58-09-07 11:16:04 There are very few textbooks in China.<br>69/264 <font color=red>n</font> 09-07 11:16:00-09-07 11:16:04 The system displays the first scissor.<br>70/264 <font color=red>aaa</font> 09-07 11:16:02-09-07 11:16:04 From 1953 to 1983,<br>71/264 <font color=red></font> 09-07 11:16:04-09-07 11:16:15 Official incomplete statistics,<br>72/264 <font color=red>de</font> 09-07 11:16:08-09-07 11:16:23 Farmers have accumulated over 60 billion yuan through the us...<br>73/264 <font color=red></font> 09-07 11:16:09-09-07 11:16:23 If calculated using Professor Yan Ruijin's ratio method,<br>74/264 <font color=red>aaa</font> 09-07 11:16:11-09-07 11:16:15 From 1952 to 1997, a period of forty-five years.<br>75/264 <font color=red>n</font> 09-07 11:16:12-09-07 11:16:15 This number is two trillion, six hundred and forty-one billi...<br>76/264 <font color=red>hp</font> 09-07 11:16:13-09-07 11:16:22 Approximately 274.8 billion yuan per year.<br>77/264 <font color=red>bg</font> 09-07 11:17:28-09-07 11:17:40 Second Agricultural Tax, 1949-2005.<br>78/264 <font color=red>aaa</font> 09-07 11:16:18-09-07 11:16:23 Approximately 400 billion yuan has been collected nationwide...<br>79/264 <font color=red></font> 09-07 11:16:16-09-07 11:16:23 1950,<br>80/264 <font color=red>bg</font> 09-07 11:16:19-09-07 11:16:31 Agriculture accounts for 39% of the country's tax revenue.<br>81/264 <font color=red></font> 09-07 11:16:21-09-07 11:16:32 Third installment of public rations.<br>82/264 <font color=red>n</font> 09-07 11:16:22-09-07 11:16:25 From 1949 to the year 2000,<br>83/264 <font color=red>hp</font> 09-07 11:16:25-09-07 11:16:32 Over a period of fifty years,<br>84/264 <font color=red>de</font> 09-07 11:16:31-09-07 11:16:42 Farmers paid the fourth installment of over 7 billion kilogr...<br>85/264 <font color=red></font> 09-07 11:16:26-09-07 11:16:32 1956,<br>86/264 <font color=red>aaa</font> 09-07 11:16:28-09-07 11:16:32 Agricultural tax is less than 30 billion yuan.<br>87/264 <font color=red></font> 09-07 11:16:29-09-07 11:16:34 But the scissors were about 70 billion yuan short.<br>88/264 <font color=red>aaa</font> 09-07 11:17:23-09-07 11:17:27 Even in the 1970s,<br>89/264 <font color=red>n</font> 09-07 11:16:32-09-07 11:16:40 Agriculture tax accounts for only 2.5% of the national fisca...<br>90/264 <font color=red>bg</font> 09-07 11:24:15-09-07 11:24:24 However, with the addition of scissors and forks as well as ...<br>91/264 <font color=red>bg</font> 09-07 11:16:34-09-07 11:16:43 Farmers' accumulated savings still account for at least one-...<br>92/264 <font color=red>hp</font> 09-07 11:16:35-09-07 11:16:42 Over the past thirty years,<br>93/264 <font color=red></font> 09-07 11:16:36-09-07 11:16:43 Each year, a significant portion of my labor results are giv...<br>94/264 <font color=red>n</font> 09-07 11:16:43-09-07 11:16:52 However, this money actually helped China's industrial growt...<br>95/264 <font color=red>aaa</font> 09-07 11:16:45-09-07 11:16:52 In 1976, it became the only country in the world to have its...<br>96/264 <font color=red>aaa</font> 09-07 11:16:38-09-07 11:16:42 All countries in the industrial sector.<br>97/264 <font color=red></font> 09-07 11:16:42-09-07 11:16:48 Please note,<br>98/264 <font color=red>hp</font> 09-07 11:16:46-09-07 11:16:52 This refers to two farmers at different stages of their care...<br>99/264 <font color=red>n</font> 09-07 11:22:06-09-07 11:22:14 From 1949 to 1978,<br>100/264 <font color=red>de</font> 09-07 11:16:48-09-07 11:16:54 The role of farmers is to provide the initial capital.<br>101/264 <font color=red>xss</font> 09-07 11:16:49-09-07 11:17:12 Blood transfusion through scissors insertion into the indust...<br>102/264 <font color=red>bg</font> 09-07 11:16:51-09-07 11:16:59 After 1978,<br>103/264 <font color=red></font> 09-07 11:16:52-09-07 11:17:00 The children of the same group of people,<br>104/264 <font color=red>hp</font> 09-07 11:16:56-09-07 11:17:00 and they themselves became industrial workers and entreprene...<br>105/264 <font color=red></font> 09-07 11:16:54-09-07 11:17:00 Through townships,<br>106/264 <font color=red>n</font> 09-07 11:16:55-09-07 11:17:00 Businesses and migrant workers,<br>107/264 <font color=red>aaa</font> 09-07 11:16:58-09-07 11:17:00 Extract benefits from the industrial system,<br>108/264 <font color=red></font> 09-07 11:16:59-09-07 11:17:12 This is not the case of being harmed first and then benefiti...<br>109/264 <font color=red></font> 09-07 11:17:05-09-07 11:17:12 Instead, this is about the different historical roles that C...<br>110/264 <font color=red>de</font> 09-07 11:17:00-09-07 11:17:12 Once the initial accumulation is complete,<br>111/264 <font color=red>bg</font> 09-07 11:17:02-09-07 11:17:12 What did the country give to farmers?<br>112/264 <font color=red>hp</font> 09-07 11:17:07-09-07 11:17:12 The answer is that the state has achieved a late-stage produ...<br>113/264 <font color=red></font> 09-07 11:17:06-09-07 11:17:12 First Village, First Road Project<br>114/264 <font color=red></font> 09-07 11:17:16-09-07 11:17:27 From 1998 to 2020,<br>115/264 <font color=red>aaa</font> 09-07 11:17:09-09-07 11:17:12 China implements the "Village to Village" project,<br>116/264 <font color=red>n</font> 09-07 11:17:12-09-07 11:17:23 Covers highways,<br>117/264 <font color=red>bg</font> 09-07 11:17:13-09-07 11:17:25 Electricity,<br>118/264 <font color=red></font> 09-07 11:17:17-09-07 11:17:25 Drinking water phone,<br>119/264 <font color=red></font> 09-07 11:17:20-09-07 11:17:25 Cable TV,<br>120/264 <font color=red>de</font> 09-07 11:17:21-09-07 11:17:27 Internet,<br>121/264 <font color=red>n</font> 09-07 11:17:27-09-07 11:17:40 Internet total investment exceeds one trillion yuan.<br>122/264 <font color=red>xss</font> 09-07 11:17:24-09-07 11:17:40 Second,<br>123/264 <font color=red></font> 09-07 11:18:08-09-07 11:18:16 Cancel agricultural tax.<br>124/264 <font color=red></font> 09-07 11:17:30-09-07 11:17:40 January 1, 2026<br>125/264 <font color=red></font> 09-07 11:17:31-09-07 11:17:40 China officially cancels agricultural tax.<br>126/264 <font color=red>hp</font> 09-07 11:17:34-09-07 11:17:40 From 1949 to 2005,<br>127/264 <font color=red>n</font> 09-07 11:19:18-09-07 11:19:25 Agriculture has been taxed for 57 years,<br>128/264 <font color=red>de</font> 09-07 11:17:40-09-07 11:17:53 This is a historic breakthrough for the government in reduci...<br>129/264 <font color=red>aaa</font> 09-07 11:17:35-09-07 11:17:40 Third,<br>130/264 <font color=red>n</font> 09-07 11:20:06-09-07 11:20:18 New Rural Cooperative Medical Insurance, which began a pilot...<br>131/264 <font color=red></font> 09-07 11:17:37-09-07 11:17:53 By 2010,<br>132/264 <font color=red></font> 09-07 11:17:43-09-07 11:17:53 While covering the vast majority of rural population, it sti...<br>133/264 <font color=red>n</font> 09-07 11:17:45-09-07 11:17:53 But it was the first time that a systematic medical insuranc...<br>134/264 <font color=red>bg</font> 09-07 11:17:41-09-07 11:17:53 Fourth,<br>135/264 <font color=red></font> 09-07 11:17:47-09-07 11:17:53 Poverty alleviation and poverty eradication.<br>136/264 <font color=red>hp</font> 09-07 11:17:48-09-07 11:17:53 From 2012 to 2020,<br>137/264 <font color=red>aaa</font> 09-07 11:17:50-09-07 11:17:53 Over 100 million rural poor people have been lifted out of p...<br>138/264 <font color=red>xss</font> 09-07 11:17:51-09-07 11:18:16 Rural infrastructure investment,<br>139/264 <font color=red>bg</font> 09-07 11:17:54-09-07 11:18:05 Industry support,<br>140/264 <font color=red></font> 09-07 11:17:55-09-07 11:18:05 Relocation.<br>141/264 <font color=red>n</font> 09-07 11:22:38-09-07 11:22:45 The sources of these resources are largely derived from the ...<br>142/264 <font color=red>n</font> 09-07 11:17:57-09-07 11:18:05 The strengthening of the national financial capacity,<br>143/264 <font color=red></font> 09-07 11:17:58-09-07 11:18:16 Farmers did not receive equity certificates.<br>144/264 <font color=red></font> 09-07 11:18:01-09-07 11:18:05 But they got cement roads in every village,<br>145/264 <font color=red>aaa</font> 09-07 11:18:02-09-07 11:18:05 The new agricultural insurance medical card,<br>146/264 <font color=red>hp</font> 09-07 11:18:04-09-07 11:18:05 The red line of agricultural tax.<br>147/264 <font color=red>de</font> 09-07 11:18:05-09-07 11:18:16 This is not a correction of past mistakes,<br>148/264 <font color=red>bg</font> 09-07 11:18:07-09-07 11:18:16 It is the allocation of productivity in different stages of ...<br>149/264 <font color=red>n</font> 09-07 11:18:11-09-07 11:18:16 Accumulation phase towards industry,<br>150/264 <font color=red></font> 09-07 11:18:12-09-07 11:18:16 Phase of reverse learning towards rural areas.<br>151/264 <font color=red>hp</font> 09-07 11:18:15-09-07 11:18:16 Now, let's do an international comparison.<br>152/264 <font color=red>aaa</font> 09-07 11:18:16-09-07 11:18:30 All countries that have industrialized,<br>153/264 <font color=red>aaa</font> 09-07 11:18:52-09-07 11:18:59 Original accumulation,<br>154/264 <font color=red>de</font> 09-07 11:18:19-09-07 11:18:31 Where did the land enclosure movement in Britain originate?<br>155/264 <font color=red></font> 09-07 11:18:22-09-07 11:18:31 From the 16th to the 19th centuries,<br>156/264 <font color=red>bg</font> 09-07 11:18:18-09-07 11:18:31 The landlord separated the farmers from their land.<br>157/264 <font color=red>n</font> 09-07 11:18:24-09-07 11:18:31 Land becomes pasture,<br>158/264 <font color=red></font> 09-07 11:18:27-09-07 11:18:31 Farmers enter the city.<br>159/264 <font color=red>hp</font> 09-07 11:18:29-09-07 11:18:31 Become an industrial worker and capitalist.<br>160/264 <font color=red></font> 09-07 11:18:30-09-07 11:18:45 From the land,<br>161/264 <font color=red>xss</font> 09-07 11:18:31-09-07 11:18:52 The workforce comes from displaced farmers.<br>162/264 <font color=red>bg</font> 09-07 11:18:35-09-07 11:18:45 The core of Britain's industrial accumulation was internal l...<br>163/264 <font color=red>aaa</font> 09-07 11:18:33-09-07 11:18:45 After 1928,<br>164/264 <font color=red>n</font> 09-07 11:18:38-09-07 11:18:45 The Soviet Union used collective farms and a system of compu...<br>165/264 <font color=red></font> 09-07 11:18:42-09-07 11:18:47 Extracting surplus food from agriculture to support industri...<br>166/264 <font color=red></font> 09-07 11:18:40-09-07 11:18:45 Taxed at a low price by the country,<br>167/264 <font color=red>hp</font> 09-07 11:18:41-09-07 11:18:47 The speed of industrialization in the Soviet Union shocked t...<br>168/264 <font color=red>de</font> 09-07 11:18:44-09-07 11:18:59 But the cost is that agriculture has been inefficient for a ...<br>169/264 <font color=red>bg</font> 09-07 11:18:48-09-07 11:18:59 Ultimately became a bottleneck in its economic structure.<br>170/264 <font color=red></font> 09-07 11:18:49-09-07 11:19:00 Latin America's external debt<br>171/264 <font color=red>n</font> 09-07 11:18:51-09-07 11:18:59 Borrowing from international capital,<br>172/264 <font color=red>hp</font> 09-07 11:18:56-09-07 11:19:00 The result is increased debt pressure and hindered industria...<br>173/264 <font color=red></font> 09-07 11:18:59-09-07 11:19:13 What are the unique features of China's model?<br>174/264 <font color=red></font> 09-07 11:18:53-09-07 11:19:00 First,<br>175/264 <font color=red>bg</font> 09-07 11:19:02-09-07 11:19:13 Extraction method is price mechanism.<br>176/264 <font color=red>xss</font> 09-07 11:19:00-09-07 11:19:25 Not a profit-seeking scheme,<br>177/264 <font color=red></font> 09-07 11:20:28-09-07 11:20:34 Bulk purchase and bulk sale is administrative pricing.<br>178/264 <font color=red>aaa</font> 09-07 11:19:05-09-07 11:19:13 But the farmers were not evicted from their land.<br>179/264 <font color=red>n</font> 09-07 11:19:03-09-07 11:19:13 Second,<br>180/264 <font color=red>de</font> 09-07 11:19:07-09-07 11:19:13 The extracted capital has not been squandered.<br>181/264 <font color=red>hp</font> 09-07 11:19:13-09-07 11:19:25 Instead, it formed a complete industrial system.<br>182/264 <font color=red></font> 09-07 11:19:11-09-07 11:19:25 Six billion scissors and forks became Anshan Steel.<br>183/264 <font color=red></font> 09-07 11:19:10-09-07 11:19:13 One car.<br>184/264 <font color=red>aaa</font> 09-07 11:19:21-09-07 11:19:25 The Daqing Oil Field has become a complete industrial sector...<br>185/264 <font color=red>bg</font> 09-07 11:19:14-09-07 11:19:25 Third,<br>186/264 <font color=red></font> 09-07 11:19:16-09-07 11:19:25 After industrialization,<br>187/264 <font color=red>hp</font> 09-07 11:19:32-09-07 11:19:42 The country has launched a large-scale reverse support progr...<br>188/264 <font color=red>de</font> 09-07 11:19:24-09-07 11:19:42 New Agricultural Support for Poverty Alleviation.<br>189/264 <font color=red></font> 09-07 11:19:25-09-07 11:19:42 This is not something that all industrialized countries do.<br>190/264 <font color=red>hp</font> 09-07 11:21:07-09-07 11:21:09 The unique characteristic of China is not whether it has or ...<br>191/264 <font color=red>bg</font> 09-07 11:19:27-09-07 11:19:42 All industrialized countries have.<br>192/264 <font color=red></font> 09-07 11:19:30-09-07 11:19:42 The unique thing about China is,<br>193/264 <font color=red></font> 09-07 11:19:35-09-07 11:19:42 After the initial accumulation is complete,<br>194/264 <font color=red>aaa</font> 09-07 11:19:37-09-07 11:19:42 Does the country have the ability,<br>195/264 <font color=red>n</font> 09-07 11:19:38-09-07 11:19:42 Are you willing to redistribute the original accumulation?<br>196/264 <font color=red>n</font> 09-07 11:19:48-09-07 11:19:59 Back to our series' core framework: productivity determinism...<br>197/264 <font color=red>xss</font> 09-07 11:19:41-09-07 11:19:59 A country that is primarily agricultural needs to transform ...<br>198/264 <font color=red>bg</font> 09-07 11:19:43-09-07 11:19:59 Must complete the initial accumulation.<br>199/264 <font color=red></font> 09-07 11:19:46-09-07 11:19:59 Source of original accumulation,<br>200/264 <font color=red></font> 09-07 11:19:49-09-07 11:19:59 Only three internal agriculture,<br>201/264 <font color=red>aaa</font> 09-07 11:19:52-09-07 11:19:59 Remaining external colonial plunder international debt.<br>202/264 <font color=red></font> 09-07 11:19:59-09-07 11:20:20 In the 1950s, China chose to accumulate capital through inte...<br>203/264 <font color=red>de</font> 09-07 11:19:57-09-07 11:20:15 While maintaining national sovereignty and independence.<br>204/264 <font color=red>hp</font> 09-07 11:19:55-09-07 11:19:59 This is not a moral choice.<br>205/264 <font color=red>bg</font> 09-07 11:20:00-09-07 11:20:17 It is a geopolitical reality.<br>206/264 <font color=red></font> 09-07 11:20:03-09-07 11:20:20 The historical window of Western external exploitation, supp...<br>207/264 <font color=red></font> 09-07 11:20:08-09-07 11:20:20 The essence of China's inward-looking approach is that...<br>208/264 <font color=red>hp</font> 09-07 11:20:10-09-07 11:20:20 It is a state-led savings mechanism.<br>209/264 <font color=red>xss</font> 09-07 11:20:14-09-07 11:20:34 Millions of farmers put a portion of their labor results int...<br>210/264 <font color=red>aaa</font> 09-07 11:20:11-09-07 11:20:20 To obtain the benefits of future industrialization.<br>211/264 <font color=red></font> 09-07 11:21:59-09-07 11:22:13 The cost of this model is the long-term poverty and widening...<br>212/264 <font color=red>de</font> 09-07 11:20:21-09-07 11:20:34 But its benefits are complete.<br>213/264 <font color=red>bg</font> 09-07 11:20:23-09-07 11:20:34 Industrial system.<br>214/264 <font color=red>n</font> 09-07 11:20:24-09-07 11:20:34 National sovereignty and independence,<br>215/264 <font color=red>hp</font> 09-07 11:20:31-09-07 11:20:34 Later, the model of evaluating rural revitalization capabili...<br>216/264 <font color=red></font> 09-07 11:20:26-09-07 11:20:34 To be at the stage of productivity development.<br>217/264 <font color=red></font> 09-07 11:20:34-09-07 11:20:52 The China of the 1950s was not a matter of choosing whether ...<br>218/264 <font color=red>n</font> 09-07 11:23:12-09-07 11:23:15 And this is a multiple-choice question about how to complete...<br>219/264 <font color=red>bg</font> 09-07 11:20:35-09-07 11:20:50 China has chosen internal extraction plus sovereign independ...<br>220/264 <font color=red>aaa</font> 09-07 11:20:32-09-07 11:20:34 Instead of external dependencies.<br>221/264 <font color=red>bg</font> 09-07 11:22:07-09-07 11:22:14 So, let's get back to the core premise of our series.<br>222/264 <font color=red>n</font> 09-07 11:20:37-09-07 11:20:50 Reform and opening-up did not start from scratch.<br>223/264 <font color=red></font> 09-07 11:20:39-09-07 11:20:50 The first thirty years were not wasted.<br>224/264 <font color=red>de</font> 09-07 11:20:48-09-07 11:20:53 The return of favors after 2006,<br>225/264 <font color=red></font> 09-07 11:20:42-09-07 11:20:50 Not redemption.<br>226/264 <font color=red>hp</font> 09-07 11:20:45-09-07 11:20:53 These three historical periods represent the same stage of p...<br>227/264 <font color=red>aaa</font> 09-07 11:20:46-09-07 11:20:53 First stage,<br>228/264 <font color=red>bg</font> 09-07 11:20:56-09-07 11:21:09 From 1949 to 1978, the accumulation stage.<br>229/264 <font color=red>n</font> 09-07 11:20:58-09-07 11:21:09 Millions of farmers have achieved initial accumulation throu...<br>230/264 <font color=red>xss</font> 09-07 11:20:49-09-07 11:21:09 Establish a complete industrial system.<br>231/264 <font color=red></font> 09-07 11:20:59-09-07 11:21:09 Second stage,<br>232/264 <font color=red></font> 09-07 11:21:03-09-07 11:21:21 From 1978 to 2006, the active phase.<br>233/264 <font color=red></font> 09-07 11:21:00-09-07 11:21:09 Activate this system through market mechanisms,<br>234/264 <font color=red>de</font> 09-07 11:21:09-09-07 11:21:21 Turn farmers into workers.<br>235/264 <font color=red>aaa</font> 09-07 11:21:06-09-07 11:21:09 Third stage.<br>236/264 <font color=red>bg</font> 09-07 11:21:10-09-07 11:21:21 Since 2006,<br>237/264 <font color=red></font> 09-07 11:21:11-09-07 11:21:21 In the allocation phase,<br>238/264 <font color=red></font> 09-07 11:21:14-09-07 11:21:21 After industrialization,<br>239/264 <font color=red>hp</font> 09-07 11:21:50-09-07 11:21:56 The country's financial capacity has increased,<br>240/264 <font color=red>n</font> 09-07 11:21:17-09-07 11:21:21 Start large-scale reverse support for rural areas.<br>241/264 <font color=red>aaa</font> 09-07 11:21:18-09-07 11:21:21 These three paragraphs are not in opposition to each other.<br>242/264 <font color=red>hp</font> 09-07 11:21:20-09-07 11:21:21 It's a relay race,<br>243/264 <font color=red>xss</font> 09-07 11:21:21-09-07 11:21:44 Millions of farmers have not received equity certificates.<br>244/264 <font color=red>bg</font> 09-07 11:21:22-09-07 11:21:37 But they got cement roads in every village,<br>245/264 <font color=red>n</font> 09-07 11:21:25-09-07 11:21:37 New agricultural insurance medical card,<br>246/264 <font color=red></font> 09-07 11:21:29-09-07 11:21:37 The red line of agricultural tax,<br>247/264 <font color=red></font> 09-07 11:21:28-09-07 11:21:37 This is not perfect fairness.<br>248/264 <font color=red>aaa</font> 09-07 11:21:31-09-07 11:21:39 But this is a country transitioning from an agricultural nat...<br>249/264 <font color=red>de</font> 09-07 11:21:36-09-07 11:21:50 To fully narrate the story of repairing rural-urban divides.<br>250/264 <font color=red>hp</font> 09-07 11:21:32-09-07 11:21:39 Next issue of Industrial Party's perspective s one e four.<br>251/264 <font color=red></font> 09-07 11:21:33-09-07 11:21:50 1953,<br>252/264 <font color=red>bg</font> 09-07 11:21:41-09-07 11:21:52 The Soviet Union agreed to help China build 156 factories.<br>253/264 <font color=red>n</font> 09-07 11:21:42-09-07 11:21:50 Steel,<br>254/264 <font color=red></font> 09-07 11:21:44-09-07 11:21:52 Cars,<br>255/264 <font color=red></font> 09-07 11:21:45-09-07 11:21:52 Tractor,<br>256/264 <font color=red>aaa</font> 09-07 11:21:47-09-07 11:21:52 Airplane<br>257/264 <font color=red>xss</font> 09-07 11:21:52-09-07 11:22:31 A country that relies on agriculture dreams of having a comp...<br>258/264 <font color=red>n</font> 09-07 11:21:53-09-07 11:22:02 This is the largest-scale technology transfer in human indus...<br>259/264 <font color=red>de</font> 09-07 11:21:54-09-07 11:22:05 But ten years later,<br>260/264 <font color=red></font> 09-07 11:21:56-09-07 11:22:05 Experts leave,<br>261/264 <font color=red>bg</font> 09-07 11:21:57-09-07 11:22:05 The blueprint for a half-built factory was sealed.<br>262/264 <font color=red></font> 09-07 11:22:00-09-07 11:22:05 What to do?<br>263/264 <font color=red>aaa</font> 09-07 11:22:02-09-07 11:22:06 Here is the perspective of the Industrial Party.<br>264/264 <font color=red>hp</font> 09-07 11:22:03-09-07 11:22:13 See you next time.<br>