China did not have many major opportunities for development in its history. In modern times, China closed itself and fell victim to imperialist aggressions. As a result, China lost an opportunity for development and fell behind. After the founding of New China, great achievements were made in its socialist development endeavors. However, we missed a major development opportunity because of some big policy mistakes, and particularly the disastrous ten-year-long "Cultural Revolution". Opportunity is rare. When it presents itself, we must seize it, or it will be lost for good. In the past 28 years of reform and opening-up, China's economy has maintained fast and sustainable growth. This is a miracle. Will China have another period of opportunity in the future? My answer is yes. How long will it last? This will depend on what domestic and foreign policies we follow and on our ability to respond to new developments.

Profound and complex changes are taking place in the world, and many new international developments deserve our close attention. But the overall international environment is a favorable one for China. Peace and development remain the general trend of the times and no major war is likely to break out. It is fully possible for us to have a fairly long-term peaceful international environment and a favorable neighborhood environment. History shows that those remaining backward are invariably despised and bullied by others. We must seize the favorable international opportunities to speed up our development. Achieving development is the overriding principle. It is the basis for solving all problems in China and for China to conduct effective diplomacy. Competition between states is based on strength. There are major principles and secondary principles, and the latter should be subjected to the former. Then what is the major principle? It is to accomplish the central goal of socialist modernization drive. People of all walks of life in China should recognize the larger interest of the modernization drive, comply with it and work to advance it.

III. Take the Path of Peaceful Development

China takes the path of peaceful development. This is made necessary by its national conditions, cultural traditions and its embracing of the global trend of development. And, in the final analysis, it is determined by the nature of China as a socialist country led by the Communist Party of China and by the goal of achieving socialist modernization in China. What is the essence of the path of peaceful development? It is to foster a peaceful international environment to develop itself and, in turn, promote world peace with its development. Taking the path of peaceful development is an initiative that has both external and domestic dimensions. Thus, we must keep firmly in mind our overall interests on two fronts, both internal and external.