With the completion of socialist transformation, a socialist economic system characterized by public ownership of the means of production, distribution according to work, and a planned economic system has been established, which is the most important sign of China's entry into a socialist society.
After the founding of the People's Republic of China, China gradually formed a highly centralized planned economic system.
The basic completion of the socialist transformation has enabled the people's democratic regime to gain a solid economic foundation of its own.
While systematically promoting socialist transformation, the building of people's democratic politics is also advancing step by step.
In September 1954, the first session of the First National People's Congress of the People's Republic of China was held in Beijing.
The system of cooperation and political consultation under the leadership of the Communist Party of China is a basic political system in China, and it is a new type of political party system that grows out of the soil of China.
To realize the great rejuvenation of the Chinese nation, it is necessary to establish an advanced social system that suits China's reality.
The establishment of the basic socialist system has greatly enhanced the enthusiasm and creativity of the working class and the broad masses of the working people, and has opened up a broad road for the great development of the social productive forces.
The establishment of the socialist system marks the entry into a socialist society in China, a large country in the East that accounts for the world's population.