The World Significance of Socialism with Chinese characteristics's Theory and Practice

The world significance of Socialism with Chinese characteristics's theory and practice lies in providing a new development path for developing countries and beneficial experience for global governance. Socialism with Chinese characteristics emphasizes people-oriented, sustainable development, social fairness and justice and global cooperation. The rapid development of China and its achievements in poverty reduction, education and infrastructure construction have provided other developing countries with experience for reference. Socialism with Chinese characteristics advocated the importance of the state and emphasized the guiding role of the government and the effective operation of the market mechanism. This economic and political model has been successful in solving social inequality and promoting economic growth. China actively participated in global governance, put forward the idea of building a community of human destiny, and advocated multilateralism, international cooperation and common development. The core idea is that Socialism with Chinese characteristics has provided a new path for developing countries and played an active role in global governance.