In the period of Democratic Revolution, the CCP led by Mao Zedong explored consistedly the relationship between capitalism and socialism in the course of linking Marxism with china's concrete reality, bringing up a series of real knowledge and deep insight, creatively clarifying the status and use of private captialism in the Democratic Revolution and construction and forming the thought of developing private capitalism in new democratic country. This paper studies the thought more comprehensively based on the achievements of previous researches. The paper includes three parts. The first part illustrates the developing course of the thought from the aspect of history. The second part restates main contents of the thought, including the historical certainty and necessity and the question of how to develop private capitalism. The third part reveals the value and significance of the thought.
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