2. 1958, China Yi Tuo group company built and gave birth to the first dongfanghong high-power crawler tractor in new China.
1On March 24th, 995, Tianjin Warwick Watch Factory (now Tianjin Watch Factory) trial-produced the first watch in China and named it "Five Stars".
Extended data:
Industrial Development after the Founding of New China;
(1) In the early days of the People's Republic of China (1949- 1952), the capitalist economy beneficial to the national economy and people's livelihood was restored and developed under the leadership of the socialist state-owned economy.
(2) In the process of socialist transformation, China's * * * production party adopted the method of utilizing, restricting and transforming capitalist industry and commerce, and adopted a series of transitional forms of state capitalism from low to high, such as processing and ordering, purchasing and underwriting, selling on a commission basis, private-public partnership of individual enterprises and public-private partnership of the whole industry, and paying fixed interest, which successfully realized the socialist transformation of capitalist economy and the peaceful redemption of the bourgeoisie.
(3) By the end of 1956, China had basically completed the socialist transformation of capitalist industry and commerce. Since then, the national industry has embarked on the socialist road.
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