TNAG-1379-FCO40-1827-Future-of-Hong-Kong-legislation-Hong-Kong-Bill-1985 — Page 111

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.