From February 4 to 7, the fourth meeting of the First National Committee of the Chinese People's Political Consultative Conference was held in Beijing. The conference unanimously agreed with the political report made by Vice Chairman Zhou Enlai. The meeting held that the main tasks of the Chinese people are: (1) Continue to strengthen the struggle against the United States and aid North Korea, strengthen national defense forces, and smash any new aggression by the United States aggressors against North Korea and China in order to fight for the reasonableness of the North Korean issue and other related issues in the Far East Settle peacefully; (2) Concentrate efforts, increase production, implement economy, and complete and exceed the 1953 economic construction plan, national defense construction plan, and social and cultural construction plan, which will be good for the first five-year plan for national construction (3) Actively preparing for the elections of the local people's congresses and the National People's Congress at all levels to achieve further democratization of the country. The conference unanimously agreed with the report on the affairs of the Standing Committee submitted by Vice Chairman Chen Shutong on behalf of the Standing Committee, and resolved that: in preparation for the second plenary session of the Chinese People's Political Consultative Conference, the Standing Committee was entrusted with all the preparations and convening work; Twenty-three additional standing members were elected. The meeting unanimously agreed with the report of the Chinese delegation attending the World People's Peace Conference on the progress and achievements of the World People's Peace Conference, and decided to support the requirements of the World People's Peace Conference. The meeting unanimously adopted the "Resolution on Proposal Review Report". The meeting passed a voluntary military power to the Chinese people.
From September 8 to 11, the 49th meeting of the Standing Committee of the First National Committee of the Chinese People's Political Consultative Conference was held in Beijing. The meeting heard a report by Premier Zhou Enlai of the State Council on the general route of the transition period and the basic tasks of the first five-year construction plan; a report by Chen Yun, deputy prime minister and director of the Finance and Economic Committee on fiscal and economic work; Li Fuchun's report on negotiating with the Soviet government on Soviet assistance to China's economic construction. The three reports were discussed in groups. Finally, Zhou Enlai made a summary report on the discussion of the general route during the transition period.
On November 30, the 51st meeting of the Standing Committee of the First National Committee of the Chinese People's Political Consultative Conference was held in Beijing. The meeting heard the report made by Deng Xiaoping, Deputy Prime Minister and Minister of Finance of the State Council, on the issue of the 1954 national economic construction public debt. The meeting agreed to the "National Economic Construction Public Debt Regulations (Draft) of 1954" and the "Directive (Draft) of the National People's Government Administration on the Issuance of 1954 National Economic Construction Public Debts".
On December 12, the Learning Committee of the National Committee issued the "Notice on Learning the General Route for the Transition Period" to the Learning Committees of the Provincial and Municipal Consultative Committees to promote the learning and publicity of the general route during the transition period.