63 years ago today, on February 21, 1962 (January 17, 1962 in the lunar calendar), the West Building Conference to comprehensively adjust the national economy was held. Zhongnanhai West Building On February 21, 1962, the enlarged meeting of the Standing Committee of the Political Bureau of the CPC Central Committee was held in Zhongnanhai West Building, Beijing (Mao Zedong did not attend in other places), that is, the West Building Meeting. Liu Shaoqi presided over the enlarged meeting of the Standing Committee of the Political Bureau of the CPC Central Committee. The meeting discussed the state budget in 1962 and the overall economic situation. Chen Yun made an important speech entitled "Current Financial and Economic Situation and Several Measures to Overcome Difficulties", and put forward six specific measures to overcome difficulties in financial and economic work: reducing urban population, stopping inflation, ensuring the minimum living of urban people, and putting all possible forces into increasing agricultural production. The attention of planning organs should be shifted from industry and transportation to agricultural production and stopping inflation. After the meeting in the West Building, Liu Shaoqi, Zhou Enlai and Deng Xiaoping made a special trip to Wuchang to report to Mao Zedong. With Mao Zedong's consent, they agreed to set up a financial and economic group of the Central Committee, with Chen Yun as the leader and Li Fuchun as the deputy leader.