1949-1957 was a period of recovery and development of the national economy, as well as a period of socialist transformation. During the period from 1949 to 1954, as New China had just been founded, the Communist Party took over a mess from the Kuomintang, and the national economy was waiting to be restored. During this period, our country's economy developed significantly, and by the end of 1954, the national economy basically improved. The period 1953-1957 was a period of socialist transformation and a period of development through exploration. During this period, our country's economy made a clear transition to socialism, and the three major transformations were basically completed, establishing the initial foundation for the country's industrialization.
1958-1962 was a period of development in exploration. During this period, starting from the Eighth National Congress of the Communist Party of China, the Communist Party of China conducted a series of explorations, with some successes and some mistakes such as the Great Leap Forward and the People's Communes. It was not until the 7,000-person Congress of the Communist Party of China put forward the eight-character policy of "adjustment, consolidation, enrichment, and improvement" that the Communist Party of China initially realized the mistakes in economic development.
1963-1965 were three years of twists and turns, and also the most difficult three years for my country's economy since the founding of the People's Republic of China. During this period, left-leaning errors were rampant within the party. Coupled with the Soviet Union's perfidy, natural disasters were severe, and our country's economy encountered serious difficulties.
1966-1976 was the decade of the Cultural Revolution. During this period, class struggle was severe, leftist errors were rampant within the party, the economy was severely damaged, and social unrest occurred. However, with the efforts of the cadres and the masses, the national economy also developed.
1976-2000 is a new period of socialist development. During this period, the spring breeze of reform and opening up blew through China, the planned economic system changed into a market economic system, our country's work center shifted to economic construction, and socialism flourished.
In fact, there is another classification in the history circle: 1949-1954 is the period of recovery and development of the national economy; 1953-1956 is the period of socialist transformation; 1957-1966 is the period of advancement in exploration; 1966 -1976 was the tenth year of the Cultural Revolution; 1976-today is a new period of socialist reform and opening up.