The term "People's Republic" typically refers to a state governed by a socialist or communist ideology, where the government claims to represent the interests of the people. The most notable example is the People's Republic of China, established in 1949, which has a single-party system led by the Communist Party of China. In a broader context, several countries have adopted the name "People's Republic," including People's Republic of Bangladesh and People's Republic of Mozambique. These nations often emphasize collective ownership and social welfare, although their political systems and economic practices can vary significantly.