The political system of China is a one-party socialist state led by the Communist Party of China (CPC). The CPC holds ultimate authority, and other political parties exist only under its leadership. The government is structured with the National People's Congress as the highest legislative body, which is responsible for enacting laws and approving the budget. The President of China serves as the head of state, while the Premier is the head of government. The political system emphasizes centralized control, with key decisions made by the Politburo and its Standing Committee, ensuring that the CPC maintains its dominance over all aspects of governance.