On July 13, 1954, the Central Committee of the Communist Party of China issued the "Instructions on Strengthening the Management of the Market and Transforming the Private Business" and pointed out that this year's state-owned enterprises accounted for 83.8% of the total volume of wholesale business. For the state-owned enterprises to implement socialist transformation of private business, the Central Committee of the Communist Party of China issued the "Instructions on Strengthening the Management of the Market and Transforming the Private Business" on July 13, 1954, the Central Committee of the Communist Party of China issued the "Instructions on Strengthening the Management of the Public Business and Transforming the Private Business". The Central Committee of the Communist Party of China decided to take the "one front, one-sided arrangement, one-way arrangement, one-way arrang