HANOI -- Chinese President Hu Jintao said Friday in Hanoi that China's development is of great importance to peace and development of the Asia-Pacific region and the world as well.

In a speech at the APEC CEO Summit, Hu briefed participants on China's scientific outlook on development, which puts people first and aims at comprehensive, coordinated and sustainable development.

Hu said that China's sustained and rapid economic growth has promoted the development of the regional economy and the global economy.

The Chinese president is in Hanoi for a state visit to Vietnam. During his stay here, he will also attend the 14th economic leaders' informal meeting of the Asia-Pacific Economic Cooperation (APEC) slated for Saturday and Sunday.