According to Marx, socialism is the first stage of communism and it covers a very long historical period in which we must practise the principle "to each according to his work" and combine the interests of the state, the collective and the individual, for only thus can we arouse people's enthusiasm for labour and develop socialist production.

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.

We should not lay all past mistakes on Chairman Mao. So we must be very objective in assessing him. His contributions were primary, his mistakes secondary. In China, we will inherit the many good things in Chairman Mao's thinking while at the same time explaining clearly the mistakes he made.

Not only did Mao Zedong Thought lead us to victory in the revolution in the past; it is - and will continue to be - a treasured possession of the Chinese Communist Party and of our country. That is why we will forever keep Chairman Mao's portrait on Tiananmen Gate as a symbol of our country, and we will always remember him as a founder of our Party and state. Moreover, we will adhere to Mao Zedong Thought. We will not do to Chairman Mao what Khrushchev did to Stalin.

Keep a cool head and maintain a low profile. Never take the lead - but aim to do something big.

At the higher stage of communism, when the productive forces will be greatly developed and the principle "from each according to his ability, to each according to his needs" will be practised, personal interests will be acknowledged still more and more personal needs will be satisfied.

Cross the river by feeling for stones under one's feet.