he was no marxist. And likewise, there is no direct reference to

capitalism in "The Wealth of Nations" Adam Smith's analysis of economic behaviour which Marx too regarded as a classic. There is, I believe, a moral here: we must use ideology to articulate our ideals, but not to stifle practical ideas. Walter Bagehot, the

English constitutional writer, knew this. He said that "of all nations in the world, the English are perhaps the least a nation of pure philosophers."

13.

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We both derive inspiration from the past that is a shared strength of the love and respect for history in both our cultures. But both nations also look to the future and to the young for

inspiration. You, Mr General-Secretary, Vice-Premier Li and Professor Fei, have all taken forward the great Chinese tradition of

teaching and concern for the moral and material welfare of young

people. I hope that those in Britain and China who administer the new educational scheme set up today will remember the words of Chairman Deng Xiaoping. "The youth represent our future. It is

they who will carry on our undertakings".

14.

What Shakespeare called "a spirit of youth in everything" is

evident in both official and unofficial links between Britain and

China. And like the students who will benefit from public and private cooperation, our relations are in the bloom of their life. This year sees exceptional blooms. First your visit to us. Then

the historic occasion this October when Her Majesty the Queen makes

her State Visit to the People's Republic of China.

15.

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