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Qiu Heng: Difference between revisions
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During Qiu Heng's presidency the country saw sustained economic growth, a period known as the ''Stablizing Growth'' that was fueled by import substitution and low rates of inflation. An important factor helping the sustained growth in the period was the reduction of political turmoil, particularly around national elections, with the creation of a single, overly dominant party. Qiu Heng nationalized all of the oil fields, the railroads, the telephone companies and the ports; many of these companies had been owned by members of the Qian elites and now passed into the hands of the state which created vast and byzantine hierarchies of bureaucrats to manage these massive state companies. And of course the [[Central Confederation of Daxian Trade Unions|All-Daxian Workers Central Union]] made sure new syndicates were created to go with the new shiny state companies, new dutiful 'soldiers' of the NRF system. In 1956 the National Development Bank was founded to fund the expansion of the industrial sector and the building of massive infrastructure projects such as improving the road networks and electricity generating hydroelectric dams. A fully fledged import-substitution program which stimulated output by boosting internal demand was put in place. The government raised import controls on foreign consumer goods but relaxed them on capital goods (such as machinery for domestic production of consumer goods), which it purchased with accumulated international reserves. This period also saw massive investment in education, enrollment at the primary and secondary levels quintupled from the levels reached in 1945. The higher employability and earning power of this growing skilled labor pool stimulated the internal consumer market and the expansion of the middle class. Daxian strong economic performance continued into the 1960s, when GDP growth averaged about 8 percent overall and about 3 percent per capita. Consumer price inflation averaged only 4 percent per year. Manufacturing remained the country's dominant growth sector, expanding 12 percent annually and attracting considerable foreign investment. Mining grew at an annual rate of nearly 5 percent, trade at 6 percent, and agriculture at 6 percent. By 1970 [[Daxia]] had diversified its export base and become largely self-sufficient in food crops, steel, and most consumer goods. Although its imports remained high, most were capital goods used to expand its own domestic production. | During Qiu Heng's presidency the country saw sustained economic growth, a period known as the ''Stablizing Growth'' that was fueled by import substitution and low rates of inflation. An important factor helping the sustained growth in the period was the reduction of political turmoil, particularly around national elections, with the creation of a single, overly dominant party. Qiu Heng nationalized all of the oil fields, the railroads, the telephone companies and the ports; many of these companies had been owned by members of the Qian elites and now passed into the hands of the state which created vast and byzantine hierarchies of bureaucrats to manage these massive state companies. And of course the [[Central Confederation of Daxian Trade Unions|All-Daxian Workers Central Union]] made sure new syndicates were created to go with the new shiny state companies, new dutiful 'soldiers' of the NRF system. In 1956 the National Development Bank was founded to fund the expansion of the industrial sector and the building of massive infrastructure projects such as improving the road networks and electricity generating hydroelectric dams. A fully fledged import-substitution program which stimulated output by boosting internal demand was put in place. The government raised import controls on foreign consumer goods but relaxed them on capital goods (such as machinery for domestic production of consumer goods), which it purchased with accumulated international reserves. This period also saw massive investment in education, enrollment at the primary and secondary levels quintupled from the levels reached in 1945. The higher employability and earning power of this growing skilled labor pool stimulated the internal consumer market and the expansion of the middle class. Daxian strong economic performance continued into the 1960s, when GDP growth averaged about 8 percent overall and about 3 percent per capita. Consumer price inflation averaged only 4 percent per year. Manufacturing remained the country's dominant growth sector, expanding 12 percent annually and attracting considerable foreign investment. Mining grew at an annual rate of nearly 5 percent, trade at 6 percent, and agriculture at 6 percent. By 1970 [[Daxia]] had diversified its export base and become largely self-sufficient in food crops, steel, and most consumer goods. Although its imports remained high, most were capital goods used to expand its own domestic production. | ||
===The Little Incursion=== | ===The Little Incursion=== | ||
Another area of importance that Qiu Heng sought to address during his terms in office was the rebuilding of the traditional [[Daxia]]n sphere of influence, nations like the newly formed [[Rusana]](a state composed of former [[Tributary system of Daxia|Qian tributary states)]] and [[Canpei]] had drifted out of their relations of dependence. | Another area of importance that Qiu Heng sought to address during his terms in office was the rebuilding of the traditional [[Daxia]]n sphere of influence, nations like the newly formed [[Rusana]](a state composed of former [[Tributary system of Imperial Daxia|Qian tributary states)]] and [[Canpei]] had drifted out of their relations of dependence. The [[Rusani Civil War]] had been raging almost since he was first democratically elected and he wanted the disruption to border security and trade to end. He also was unwilling to countenance a victory of the 'Front for the Defense of the Homeland' or FDH, a grouping of conservative and islamist forces who were extremely hostile to [[Daxia]]. The FDH wanted to expel all Daxians and ethnic groups related to them from [[Rusana]], these groups totaled some fifteen percent of the population at the time. Qiu Heng was convinced the FDH's secular opponents, the National Congress for the Defense of the People led by Farrukhzad Khosa, were unable to achieve victory on its own after almost nine years of war. After a series of meetings in November 1962 with Farrukhzad Khosa, an agreement was finalized to 'assist the legitimate government of Rusana in restoring its territorial integrity'. The state propaganda apparatus began driving the narrative that ethnic Daxian's were in grave danger of annihilation and that a short and victorious war was needed to save them. On December of the same year some forty thousand Daxian's entered into [[Rusana]] from the Xiazhai Pass in the far south; this military action would be known as '''the Little Incursion''' in Daxian history. | ||
==Final years== | ==Final years== | ||
==Personal life== | ==Personal life== | ||