Ensuring the efficiency of the political life of the country depends significantly on the establishment of relationships between state and non-state political and legal institutions and social-political communities of the society that constitute the political system of the State. In the conditions of intensification of globalization processes, the creation of favourable conditions by the political system for the effective operation of the main spheres of public life, ensuring the fulfilment of the interestsof all society members, is of great importance. The purpose of the research lies in substantiating the theoretical and practical fundamentals for studying the principles of organization and effectiveness of China’s political system in modern conditions, as well as in assessing its impact on the level of the quality of life of the population. The general scientific and special methods of economic analysis have been used in the research, in particular, as follows: analysis, synthesis, analogy, comparison, systematization, generalization, graphical and tabular methods, and correlation-regression analysis.It has been proven that the political system of China has a significant impact on the level of the quality of life of the population.