The Third Plenary Session of the Seventh Central Committee of the CPC

The first Plenary Session of the Central Committee of the CPC held after the founding of New China. It was held in Beijing from June 6 to June 9, 1950. The Plenum was attended by 35 members of the Central Committee, 27 alternate members of the Central Committee and 34 comrades in charge of provincial and municipal party committees and central ministries and commissions. The main agenda of the Plenum was to determine the main tasks of the Party during the period of national economic recovery, as well as the various tasks that must have been carried out and the strategic and tactical approaches that should have been adopted for this purpose. Mao Zedong made a written report on "Fight for a Fundamental Turn for the Better in the Nation's Financial and Economic Situation" and an important speech on "Don’t Hit out in All Directions". In addition, Liu Shaoqi made a report on the issue of land reform, Zhou Enlai made a report on diplomacy and united front work, Chen Yun made a report on financial and economic issues, and Nie Rongzhen made a report on the integration of the PLA. The main agenda of the Plenum was to discuss the written report submitted by Mao Zedong on the struggle for the basic improvement of the country's financial and economic situation. This report also spelled out the policy principles that must have been strictly observed in all endeavors. The Plenum carefully discussed and adopted Mao's written report, setting a clear program of action for the whole Party and the whole country.

Completing the reform of the land system nationwide was a major task in the realization of the New Democratic Foundation Programme and a primary condition for striving for a basic improvement in the nation's finances and economy. Liu Shaoqi made a "Report on Land Reform Issues" at the Plenum, explaining the draft law on the land reform prepared by the CPC Central Committee for submission to the CPPCC National Committee for consideration. The Plenum listed the reasonable adjustment of industry and commerce as one of the important conditions for striving for a basic improvement of the financial and economic situation. Chen Yun made a report on financial and economic issues and made specific plans for the rational adjustment of industry and commerce. The Plenum also heard explanations from Zhou Enlai and others on diplomatic work, the united front, the integration of the army and the work of the Party.

In order to ensure the smooth realization of the Party's central tasks, the Plenum focused on discussing and defining the strategic and tactical guidelines to be adopted by the Party at the present stage. The Plenum clearly opposed the “Left” tendency of some people in the Party who believed that capitalism could be eliminated and socialism could be implemented ahead of schedule. It was emphasized that the Party's policy toward the national bourgeoisie was still one of unity and struggle, with unity being the main focus, and that it was to restrain capital rather than to squeeze it out and eliminate it. Therefore, the Plenum was of great significance in unifying the Party's thinking, uniting all the social forces that could be united, striving for a fundamental improvement in the country's financial situation, and thus achieving a comprehensive recovery and development of the national economy.