ABSTRACT
The socialist transformation of agriculture, handicraft industry, and capitalist industry and commerce achieved a complete victory. During the high tide of socialist transformation and construction, the workers, peasants, and public school personnel in the whole nation greatly heightened their initiative and launched broad working competition; and there emerged large numbers of model workers. The gross value of industrial output and the completed amount of capital construction also increased very greatly. The scale of construction must be suited to the national financial and material capacity. Whether it is suited or not determines whether there is economic stability or instability. Economic stability is extremely important for a big country, like ours, which has a population of 600 million people. The construction of the Second Five-Year Plan should differ to some extent from that of the First Five-Year Plan. The standard of the planning work should be raised to some extent.
