![]() ![]() It is also the most powerful and successful socialist country en route to realize modernization and industrialization without choosing the Western capitalist model, as well as "the most important strategic competitor" in the eyes of the US.Ĭhinese people hold mixed feelings over the collapse 30 years ago, as they hold sympathy toward Russian people who consequently suffered a series of tragedies, but they also find that the collapse of the red giant is a significantly valuable lesson for China to keep developing and improving socialism with Chinese characteristics. The former socialist superpower the Soviet Union (USSR) collapsed on December 25, 1991, while China, a major power which chose the path of socialism with Chinese characteristics different from that of the USSR, has become the biggest economy on a purchasing power parity basis. Soviet Union residents look at posters at a private video salon in 1988. Photo taken on Apshows a portrait of Vladimir Lenin during a flower laying ceremony at Lenin's mausoleum to mark the 151st anniversary of the revolutionary leader's birth in Moscow, Russia.Photo:Xinhua ![]()
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