Xi Jinping Thought on Party Building has provided a new approach to party governance for political parties around the world, according to a think tank report released Thursday.

Titled "Contemporary Features and Global Significance of Xi Jinping Thought on Party Building," the report was jointly issued by the National High-Level Think Tank of the Party School of the Communist Party of China (CPC) Central Committee (National Academy of Governance) and the National High-Level Think Tank of Xinhua News Agency.

As political parties around the world grapple with crises of public trust, the Thought, drawing on the century-long wisdom embodied in the Party's relationship with the people, offers a Chinese solution for political parties worldwide to consolidate the foundations of their governance and address the challenge of declining public support, the report said.

The report also noted the CPC's organizational system that gives full play to the Party's political strengths under the centralized and unified leadership of the Party Central Committee. Some countries have actively drawn on the CPC's experience in improving organizational structure.

Moreover, the CPC has been improving mechanisms for the oversight and constraint of power, providing new insights for eradicating entrenched corruption in political parties. By resolutely rejecting zero-sum thinking, the CPC is also sharing with the world a new paradigm for building a new type of party-to-party relations, according to the report.