wider to economies outside.
The open door policy therefore cannot
change during this century and will continue to be maintained for another 50 years thereafter. This was the basis on which the 50 years
had been determined.
What would happen after 50 years, say in 60 years' time, Chairman Deng posed the question and proceeded to elucidate. The economies of China and the foreign countries would have become closer and tied up by
thousand and one links. Could such ties be then broken, he asked. There was yet another point as to why China had declared that the open door policy cannot change. Some people inside and outside of China say that the open door policy will lead to capitalism. If that was to happen, then China would have failed in its open door policy.
By opening the door, certain aspects associated with capitalism would find their way into China. However, the Socialist economy would have developed much faster as a result of this open door policy, creating a situation where the socialist economy is always dominant. Taking the
Guangdong J.V. as an example, 75% was socialist.
rich.
Lord Kadoorie said he was very happy to co-operate with Socialist
China and although China was poor in money, in brains she was very
Chairman Deng replied that he believed in this statement. Lord Kadoorie said he was very glad to see the opportunity where socialism
and capitalism were working together,
working together, where both sides tried to understand each other for the benefit of the country and the world.
This he said had been his policy from the beginning. Lord Kadoorie
added that he did not talk about different ideologies, but had thought
more about benefits to the country and to the world. He would
continue along this route and assured Chairman Deng of his
co-operation and the satisfactory
completion of the work begun
together by two sides.
Chairman Deng said that in another 7 years, Lord Kadoorie would have
reached the age of 93 and he himself 87. He suggested that they
should hold a celebration party on that occasion using it as a model
of the open door policy. The timing had already begun following the
signing of the J.V. agreement the day before.