China in 42 years 19782020 far less than a single lifetime has gone from one of the worlds poorest countries with more than 850 million people living in internationally defined poverty to the brink of becoming a highincome economy by World Bank standards. It has achieved total elimination of absolute poverty and the worlds fastest rise in average living standards with life expectancy figures showing that its social conditions are even better than this economic result. This achievement by a wide margin has improved the position of by far the largest proportion of humanity of any event in human history.ampampnbspLearning from Chinas development is of urgent practical interest for all in developing countries. It shows in practice that it is possible to take developing economies and transform them into developed countries by socialist methods in a way far more successful than adopting the path of capitalism with all the huge gains this means for the life of the people in these countries. Furthermore Chinas success has created a huge potential partner for the Global South. In particular in the coming period SouthSouth relations between China and developing countries will be the progressive pole of world development. The US will continue to pursue an aggressive policy against China with some imperialist countries likely to fall in behind this. ChinaGlobal South relations will therefore strengthen with mutual benefit.