In the Chinese and Soviet systems of economic planning, they famously used "five year plans". However, most if not all of these plans apparently lasted shorter than five years. For example, the first Chinese five year plan lasted from 1953 to 1957. Is this simply a quirk of how they accounted things, or is there some other explanation?

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    What is wrong with the answer in Wikipedia, "Several Soviet five-year plans did not take up the full period of time assigned to them: some were pronounced successfully completed earlier than expected, some took much longer than expected, and others failed altogether and had to be abandoned. " Chinese Five Year plan....
    – MCW
    Oct 7 at 21:50
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    If the first year is 1953, then the fifth year is 1957.
    – Lucian
    Oct 7 at 22:04
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    Because their massive and demonstrable failures were evident to all and sundry well before the five years was up - they were cancelled to prevent embarrassment to the regime? Oct 8 at 0:12
  • @PieterGeerkens Time to edit WP ;) ? "In terms of economic growth, the First Five-Year Plan was quite successful" (Like certain recent policies informed by tunnel-vision, looking just at some 'well chosen' tonnage parameters, like 'increase in X', or 'result came back positive', things –as tested– were going well…) Oct 8 at 12:45