The Central People's Government shall strive to draw up, as soon as possible, a general plan for rehabilitating and developing the main departments of the public and private economy of the entire country.
It shall also fix the scope of the division and co-ordination of labour between the central and local governments in economic construction, and shall undertake centralized regulation of the interrelationship between the economic departments of the central and local governments.
Under the unified leadership of the Central People's Government, the various economic departments of the central and local governments should give full play to their creativeness and initiative.
On April 19, 1954, the Central Committee of the Communist Party of China issued the "Decision on Establishing an Eight-Member Working Group for Compiling the Draft Outline of the Five-Year Plan" The working group is composed of Chen Yun, Deng Xiaoping, Deng Zihui, Xi Zhongxun, Li Fuchun, Zhou Enlai etc., and Chen Yun is the team leader. The resolution pointed out that the task of the working group is to further study the speed of industrial development in the outline of the first five-year plan, the 141 construction projects aided by the Soviet Union, the proportion of investment, the degree of socialist transformation of agriculture, handicrafts and private industry and commerce, and market stability.