China's first Five-Year Plan focused on seizing private land and businesses to establish state control over the economy. It aimed to transition to socialism through nationalization and increased industrial production. The plan was essential in shaping China's economic policies moving forward. ;
China's first Five-Year Plan called for the government to seize private land and businesses to establish control over the economy. This plan aimed to achieve socialism through the nationalization of industries and redistribution of land. It laid the groundwork for China's subsequent economic strategies.
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