What will a modern socialist China bring to the world?

A ceremony marking the centenary of the Communist Party of China (CPC) is held at Tian'anmen Square in Beijing, capital of China, July 1, 2021. (Xinhua/Li Ga)

Under the leadership of the 100-year-old Communist Party of China (CPC), China is seeking to become a "great modern socialist country" by the mid-21st century.

The modernization drive of the world's second largest economy, and the top trading nation in goods, is expected to bring huge dividends to a world plagued by the COVID-19 pandemic, surging protectionism and the growing threat from climate change.