Abstract: The nature of socialism,defined by DENG Xiaoping,is a new generalization on the basis of a long term experience,which should be understoodnot only literally but also historically,comprehensively and in accordance with situations of the times.The new generalization emphasizes the liberation and development of productive forces as the primary nature of socialism,but mentions neither public ownership nor distribution according to work,which signifies something special.The five sentences in the new generalizat...