Absorbing foreign capital and technology and even allowing foreigners to construct plants in China can only play a complementary role to our effort to develop the productive forces in a socialist society. Of course, this will bring some decadent capitalist influences into China. We are aware of this possibility; it's nothing to be afraid of.
So far as Chairman Mao's own hopes were concerned, he initiated the "Cultural Revolution" in order to avert the restoration of capitalism, but he had made an erroneous assessment of China's actual situation. In the first place, the targets of the revolution were wrongly defined, which led to the effort to ferret out "capitalist roaders in power in the Party". Blows were dealt at leading cadres at all levels who had made contributions to the revolution and had practical experience, including Comrade Liu Shaoqi.
In the final analysis, the general principle for our economic development in China is still that formulated by Chairman Mao, that is, to rely mainly on our own efforts with external assistance subsidiary.
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