China will follow the path of peaceful development and mutually beneficial strategy as it opens up further to the outside world, President Hu Jintao said yesterday.

His remarks come just two days after the close of the Beijing Olympics, which showcased China's policy of friendship and harmony.

Addressing a luncheon hosted by the Republic of Korea's (ROK) business leaders on the last day of his visit to that country, Hu reiterated that China's development policy is based on peace, opening-up and cooperation.