Part of a series marking the 60th anniversary of the CCP. Subtitled "Restore the national economy and complete three major transformations" (恢复国民经济完成三大改造), this second part (of three) covers the "Basically complete the period of socialist transformation 1949-1956" (基本完成社会主义改造时期 1949-1956).

It shows the start of rural collectivization (1952); the basic completion of the nationalization of private industry and commerce (1956); the first session of the National People's Congress (September 1954); Zhou Enlai and Li Fuchun, addressing that and subsequent sessions; Mao presiding over the session ending the Gao Gang-Rao Shushi affair (1955); production increases.