"Among the distinguishing features of the Mao period, many observers once believed, was a unique attempt to reconcile the means of modem industrialism with the ends of socialism. That, no doubt, was Mao's aim, and it certainly was the Maoist claim. But, in the end, Mao Zedong was far more successful as an economic modernizer than as a builder of socialism. This judgment, of course, does not accord with the conventional wisdom of the day, which tells us that Mao sacrificed "modernization" to "ideological purity" and that economic development was neglected as the late Chairman embarked on a fruitless quest for a socialist spiritual utopia. The actual historical record conveys a rather different story, and it is essentially a story of rapid industrialization. The post-Mao critiques of the Maoist economic legacy, which dwell less on the accomplishments than on the deficiencies of the era, nonetheless reveal that the value of gross industrial output grew thirty-eight-fold during the Mao period, and that of heavy industry ninety-fold, albeit starting from a tiny modern industrial base whose output had been halved by the ravages of foreign invasion and civil war. But between 1952 (when industrial production was restored to its highest pre-war levels) and 1977, the output of Chinese industry increased at an average annual rate of 11.3 percent, as rapid a pace of industrialization as has ever been achieved by any country during a comparable period in modern world history.' Over the Mao era, the contribution of industry to China's net material product increased from 23 percent to over 50 percent while agriculture's share declined from 58 to 34 percent."