bā​zì​fāng​zhēn

1961 economic policy

八字方针 (八字方針) bā​zì​fāng​zhēn
1961 economic policy
the eight-character economic policy proposed by Li Fuchun in 1961: "adjust, consolidate, enrich and improve" (调整 tiáo​zhěng巩固 gǒng​gù充实 chōng​shí提高 tí​gāo)
eight-character policy
a policy expressed as an eight-character slogan

Sources

Definitions
CC-CEDICT