On October 1st in 1949 the Chinese people, under the leadership of Communist Party of China, declared victory in War of Liberation against the Nationalist forces of Chiang Kai Shek. The grand ceremony for the founding of People's Republic of China was held on this day in Tiananmen Square in Beijing. Mao Zedong, Chairman of the Central People's Government, solemnly declared the founding of P.R.C. at the ceremony and raised the first national flag of China himself. 300,000 soldiers and people gathered on the square for the grand parade and procession