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Understanding socialism with Chinese characteristics in 95 seconds

Since China began its reform and opening-up policy in 1978, the Communist Party of China (CPC) has been continuing to adapt the basic principles of socialism to the conditions of China. By summarizing the successes and failures of building socialism in China and other socialist countries, and also by analyzing the problems faced by developed countries during their development, the CPC has successfully opened up a unique path for socialism with Chinese characteristics.

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