On January 1, 1953, the first five year plan was implemented

Mondo History Updated on 2024-01-31

The "Five-Year Plan" is part of China's national economic planThe main purpose is to make plans for major construction projects in the country, the distribution of productive forces, and the relationship between important proportions of the national economy, and to set goals and directions for the long-term development of the national economy.

In 1953, China began to implement the first five-year plan for national construction, which was formulated under the direct leadership of Comrade ***.

In accordance with the requirements of the party's general line in the transitional period, the basic tasks set forth in the First Five-Year Plan are: to concentrate the main forces on the 156 construction projects designed by the Soviet Union with the help of our country. The industrial construction, which is composed of 694 large and medium-sized construction projects, establishes the initial foundation for China's socialist industrialization, develops agricultural production cooperatives under partial collective ownership, and establishes the basis for the socialist transformation of agriculture and handicrafts, and basically brings capitalist industry and commerce into the orbit of various forms of state capitalism, so as to establish the basis for the socialist transformation of private industry and commerce.

During the period of the First Five-Year Plan, China's task of socialist transformation of individual agriculture, handicrafts, and private industry and commerce was basically completed.

Jingshang Media.

China** Net.

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