ðə θˈiəɹi ˈɔːlsoʊ plˈeɪd ɐn ɪmpˈoːɹtənt ɹˈoʊl ɪn tʃˈaɪnəz mˈɑːdɚn ɪkˈɑːnəmi, æz dˈɛŋ stɹˈɛst ˈoʊpənɪŋ tʃˈaɪnə tə ðɪ aʊtsˈaɪd wˈɜːld, ðɪ ˌɪmplɪməntˈeɪʃən ʌv wˈʌn kˈʌntɹi, tˈuː sˈɪstəmz, ænd θɹuː ðə fɹˈeɪz "sˈiːk tɹˈuːθ fɹʌm fˈækts", ɐn ˌædvəkˈeɪʃən ʌv pəlˈɪɾɪkəl ænd ˌiːkənˈɑːmɪk pɹˈæɡmətˌɪzəm.
The theory also played an important role in China's modern economy, as Deng stressed opening China to the outside world, the implementation of one country, two systems, and through the phrase "seek truth from facts", an advocation of political and economic pragmatism.