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" "We mustn't fear to adopt the advanced management methods applied in capitalist countries (...) The very essence of socialism is the liberation and development of the productive systems (...) Socialism and market economy are not incompatible (...) We should be concerned about right-wing deviations, but most of all, we must be concerned about left-wing deviations.
Deng Xiaoping ( ; August 22, 1904 – February 19, 1997) was a Chinese politician and reformer, and the paramount leader of the Communist Party of China (CPC). Deng never held office as the head of state or the head of government, but was the de facto leader of the People's Republic of China from 1978 to the early 1990s. He developed "Socialism with Chinese characteristics" and Chinese economic reform, also known as the "socialist market economy", and opened China to the global market. During his paramount leadership, his official state positions were Chairman of the National Committee of the Chinese People's Political Consultative Conference from 1978–1983 and Chairman of the Central Military Commission of the People's Republic of China from 1983–1990, while his official party positions were Vice Chairman of the Communist Party of China from 1977–1982 and Chairman of the Central Military Commission of the Communist Party of China from 1981–1989.
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Self-reliance in no way means “self-seclusion” and rejection of foreign aid. We have always considered it beneficial and necessary for the development of the national economy that countries should carry on economic and technical exchanges on the basis of respect for state sovereignty, equality and mutual benefit, and the exchange of needed goods to make up for each other’s deficiencies.
We hold that all countries, big or small, rich or poor, should be equal, and that international economic affairs should be jointly managed by all the countries of the world instead of being monopolized by the one or two superpowers. We support the full right of the developing countries, which comprise the great majority of the world’s population, to take part in all decision-making on international trade, monetary, shipping and other matters.
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Plunder and exploitation by colonialism, imperialism, and particularly by the superpowers, are making the poor countries poorer and the rich countries richer, further widening the gap between the two. Imperialism is the greatest obstacle to the liberation of the developing countries and to their progress. It is entirely right and proper for the developing countries to terminate imperialist economic monopoly and plunder, sweep away these obstacles and take all necessary measures to protect their economic resources and other rights and interests.