Abstract: The New Democracy Theory found its victory in China, a fact which is told by the founding of PRC in 1949. Such a victory also made a preparation for building up a socialist system in terms of political institution, economy and culture-a mission well accomplished in China. The theory, afterwards has been marching towards the third world, as a historical project of further liberation for nations exploited and manipulated by those world capitalist hegemony. New concepts, subjective or objective, have been infused by the contemporary world capitalist system. Subjectively, China’s peaceful rise over the past 70 years has drawn more attention of the Third World to the “China model”. Objectively, the national liberation that swept Asia, Africa, and Latin America in the mid 20th century surely realized the abstract independence and democracy, but failed to abolish the control from the colonists, new and old. The social conditions rooted from semi-colonized and semi-feudal structure have never been transformed in those countries as there still prevail the ideological, military, financial and political oppression in various forms. The theory focusing on the pre-condition for socialism, in view of that, will still inspire further liberation.

Key words: socialist system, New Democracy, PRC, Neo-imperialism, the Third World, a community with shared destiny