ABSTRACT
Industry is the most important material production sector of the national economy. Industry is the producer of all modern means of production. In the transition period of our country, large-scale socialist industry is the core of our nation's industry; it is the material basis and leading force that guarantees the socialist transformation of individual agriculture, individual handicraft industry, and capitalist industry and commerce. The rate of growth of industrial production is the percentage ratio of the gross value of industrial output in the plan period to the gross value of industrial output in the reporting period computed at constant prices. It indicates the rate of increase of all industrial production. In industrial production planning, all rates of growth and proportional relations among industries are determined by specifying the level of output for each major industrial product. The output levels for major industrial products are the basic targets of industrial production planning.
