Poverty is not socialism. To be rich is glorious.

Chairman Mao was after all a principal founder of the Chinese Communist Party and the People's Republic of China. In evaluating his merits and mistakes, we hold that his mistakes were only secondary. What he did for the Chinese people can never be erased. In our hearts we Chinese will always cherish him as a founder of our Party and our state.

It should be pointed out that some of the things done after the arrest of the Gang of Four were inconsistent with Chairman Mao's wishes, for instance, the construction of the Chairman Mao Memorial Hall. He had proposed in the fifties that we should all be cremated when we died and that only our ashes be kept, that no remains should be preserved and no tombs built.

We must make a clear distinction between the nature of Chairman Mao's mistakes and the crimes of Lin Biao and the Gang of Four. For most of his life, Chairman Mao did very good things. Many times he saved the Party and the state from crisis. Without him the Chinese people would, at the very least, have spent much more time groping in the dark.

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.

China has a history of thousands of years of feudalism and is still lacking in socialist democracy and socialist legality. We are now working earnestly to cultivate socialist democracy and socialist legality. Only in this way can we solve the problem.

No matter to what degree China opens up to the outside world and admits foreign capital, its relative magnitude will be small and it can't affect our system of socialist public ownership of the means of production.