Well-developed educational system leads to a strong country. The Chinese government has emphasized and clarified the priority of developing the Chinese educational system, and it has accelerated efforts to modernize it to position China as one of the world leaders in education. This essay discusses the priority of developing the Chinese educational system, and it outlines the main factors for the construction of a modern theoretical system of education with Chinese characteristics. It argues that this construction should be based on the actual practice of education in China in the new era, it should be deeply rooted in the methods and wisdom of traditional Chinese education, it should incorporate the educational ideology and concepts nurtured by the modern Chinese revolutionary culture, it should draw on the latest scientific advancements and achievements throughout the world and keep pace with the development of the times, and, finally, it should be informed by the study of the nature and development of human beings with special attention to the theoretical issues embedded in educational activities themselves, which relate to the deepest levels of a philosophical worldview.