The three major socialist transformations refer to the socialist transformation of agriculture, capitalist industry and commerce and handicrafts organized by the Chinese production party nationwide in the early days of the founding of the People's Republic of China.

Significance: This indicates that China has basically realized the transformation from private ownership of means of production to socialist public ownership, and the socialist revolution in ownership has won a decisive victory. China has initially established the basic system of socialism. Since then, it has entered the primary stage of socialism.

Expanding informatization is the focus of the three major transformations of capitalist industry and commerce. After the victory of China's new-democratic revolution and the completion of the land system reform, the main domestic contradiction has become the contradiction between the working class and the bourgeoisie, and the contradiction between the socialist road and the capitalist road. The country needs a certain development of capitalist industry and commerce, because it is beneficial to the national economy and people's livelihood; However, capitalist industry and commerce also have some disadvantages to the national economy and people's livelihood, which leads to the struggle between restriction and anti-restriction.

In order to gradually lead backward, chaotic and deformed capitalist industry and commerce to the road of socialist transformation, since 1953, China * * * Production Party has decisively carried out large-scale socialist transformation of capitalist industry and commerce nationwide. The transformation is divided into two steps: the first step is to transform capitalism into state capitalism; The second step is to transform state capitalism into socialism.

References:

Baidu Encyclopedia-Three Transformations