The first five-year plan

By 1957, the "Five-Year Plan" had overcome its tasks, achieved rapid growth in the national economy and laid the preliminary foundation for our country's industrialization.The formulation and implementation of the first five-year plan marked the beginning of the systemic construction of socialism.

The first five-year plan was initiated in the spring of 1951 by the Central People's Government Department of Finance and Economics Commission (CPC). In April 1954, the Central Committee established an eight-person group to prepare the five-year plan, Chen Yuen became the chairman of the group, and began comprehensive preparation work. By March 31, 1955, the National Congress of the Communist Party of China agreed to the first five-year plan report proposed by the Central Committee. In June of the same year, the Central Committee made appropriate amendments to the draft of the "Five-Year" and recommended that the State Council passed it and submitted the second session of the National People's Congress to review it (approved on July 30, 1955).

The main tasks of the first five-year plan are two: one is to concentrate on industrial construction, and the other is to accelerate socialist transformation in various economic fields.

In terms of industrial construction, the basic tasks of the fifteenth period are: to concentrate the main forces, to carry out the construction of the 156 construction projects designed by the Soviet Union to help China as the center, consisting of more than a limit of 694 construction projects. to establish the preliminary foundation of socialist industrialization, the technological transformation of heavy industry and light industry; to equip agriculture with modern production technology; to produce modern weapons, to strengthen national defense construction; to continue to increase the production of agriculture and industrial consumer goods, to ensure the continuous improvement of the people's living standards. The fifteenth plan chose an industrialization path similar to the Soviet Union, that is, high accumulation, priority to the development of industrial model. The heavy industry is the core characteristics of industrialization in this period

In terms of the overall socialist transformation of the country, the fifteenth plan stipulates: to establish the foundation for the socialist transformation of agriculture, handicraft, private industry and commerce. And, according to the general line of the Chinese Communist Party's 1953 transition period, the country through the three major transformations incorporated the private economy into the planning track, supporting and ensuring the national industrialization construction. Beginning in 1953, the rural began to cooperate in agriculture, the socialist transformation of agriculture and commerce was initially based on the principle of the voluntary processing of peasants, and progressed gradually. By 1955, due to the need for industrialization, the cooperative movement saw a violent wave of super-high-speed development, and the cooperative process was greatly anticipated, although the

In addition to industrialization and socialist transformation, the planned economic system of the Five-Year Plan period has also been fully established. The highly concentrated planned economic system with the obvious colour of the Soviet Union is not only the need for high-speed advancement of industrialization, but also the general characteristic of the socialist country during the Cold War. The state began to interfere with all aspects of the operation of the national economy, and the role of the markets began to weaken.