Explain the First third Year Plan In China
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the country's economic growth and expanding key industries, including iron, steel and coal production and machine building.
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The Five-Year Plans (simplified Chinese: 五年计划; traditional Chinese: 五年計劃; pinyin: Wǔnián Jìhuà) are a series of social and economic development initiatives issued since 1953 in the People's Republic of China. Since 1949 the Communist Party of China has shaped the economy of China through the plenary sessions of the Central Committee and national congresses. The Party plays a leading role in establishing the foundations and principles of Chinese communism, mapping strategies for economic development, setting growth targets, and launching reforms.
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