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" "We hold that international trade should be based on the principles of equality, mutual benefit and the exchange of needed goods. We support the urgent demand of the developing countries to improve trade terms for their raw materials, primary products and semi-manufactured and manufactured goods, to expand their market and to fix equitable and favourable prices. We support the developing countries in establishing various organizations of raw material exporting countries for a united struggle against colonialism, imperialism and hegemonism.
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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China’s revolution exerts an attraction on all the revolutionary people in the world, who identify with it. Our drive for socialist modernization has enlisted their interest and support and will continue to do so ever more widely. We must endeavour to increase international academic exchanges and expand our friendly contacts and co-operation with scientific circles in other countries. We would like to express our heartfelt thanks to all friends abroad who have helped us in science and technology.
We hold that in both political and economic relations, countries should base themselves on the Five Principles of mutual respect for sovereignty and territorial integrity, mutual non-aggression, non-interference in each other’s internal affairs, equality and mutual benefit, and peaceful coexistence. We are opposed to the establishment of hegemony and spheres of influence by any country in any part of the world in violation of these principles.