Sept. 26,Visiting Chinese State Councilor Dai Bingguo told British academics on Monday evening that China will stick to the path of peaceful development.

China pursues development on the basis of its own circumstances and never seeks aggression, Dai said, noting that history has also proved that the pursuit of hegemony leads only to a dead end.

Meanwhile, China's policy of peaceful development is not a tool to fool others but an overarching strategy that best accords with the fundamental interests of both China and the entire world, he added.

"China remains a developing country way behind developed countries in many fields. We have every reason to be proud of what we have achieved. But we must not be complacent. We need to learn from other countries' good practices and pursue a win-win, opening-up strategy," said the Chinese official.

Commenting on the international situation, Dai noted that complex and deep changes are underway across the world, which is moving rapidly toward a multipolar system and a globalized economy.

Developed countries have met with some difficulties, while China and other developing countries are also facing new challenges, he said, pointing out that the problems confronting developed and developing countries are different in nature.

Policymakers should try to locate the root causes of the problems they are respectively dealing with and then turn crises into opportunities, he suggested.

In a globalized world, countries are increasingly interdependent with their interests closely interwoven, and joining hands for win-win cooperation is the only option to ride out rough terrains, he stressed.

The British academics agreed the world is at a special time never seen before and that the interdependence among countries is deepening steadily.

International relations will continue to be in an unstable and uncertain stage for the next 10 years at least, and the building of a new world order faces daunting challenges as well as great opportunities, they said.

The world is now in a complex process of rebalancing, as China and other developing countries are picking up strong growth momentum and contributing more to the world economy, they added.

With an eye on the pains Europe is undergoing at present, they urged the European governments to take concerted action while rallying public support for European integration.