Xi Jinping’s thought on basic national situation that China still stays in and will long-term stay in the initial period of socialism clarifies the unclear recognition in human minds, and clearly expresses that Chinese Communist Party will continue to uphold the theory of the initial period of socialism. China will stay in the initial period of socialism for a long time, taking the economic construction as the center is the essential for vitalizing China, and development is still the key to solving all problems of China. In new historic period, we should accomplish all works in higher quality by basing on the basic national situation of the initial period of socialism, by upholding the strategy of development, by taking economic construction as the center, by reaching two one-hundred-year objectives and by implementing two strategies.