The establishment of the People's Republic of China in 1949 had far-reaching consequences and effects, both domestically and internationally.

Domestically, the CCP implemented a series of policies aimed at modernizing and industrializing the country, such as the Great Leap Forward and the Cultural Revolution. These policies had a significant impact on the lives of the Chinese people. The Great Leap Forward led to widespread famine and economic devastation, while the Cultural Revolution was characterized by political purges, violence, and the suppression of civil liberties. These policies resulted in the deaths of millions of people, and had long-term effects on Chinese society and politics.

On the other hand, the People's Republic of China also implemented policies that led to significant economic and social developments. The establishment of the People's Republic of China led to a period of rapid economic growth and modernization, which lifted millions of people out of poverty and improved living standards. The country also made significant advancements in education, healthcare, and infrastructure. The CCP also brought stability and unity to a country that had been plagued by war and civil unrest.

Internationally, the establishment of the People's Republic of China had a major impact on global politics. The CCP's victory in the civil war led to the eventual withdrawal of foreign powers from China and the end of the "Century of Humiliation." The People's Republic of China emerged as a powerful, independent nation, and quickly established itself as a major player on the global stage.

The People's Republic of China also had an impact on the ideological struggle between communism and capitalism, as the country's success in the Cold War and the success of its economic reforms led to a shift in the global balance of power and the emergence of a new model of development.