NEW DELHI - Chinese President Hu Jintao and Indian Prime Minister Manmohan Singh met here on Thursday to discuss the development of China-India relations and other issues of common concern.

Hu met Singh after attending a summit of the BRICS bloc which groups Brazil, Russia, India, China and South Africa earlier in the day.

The China-India Strategic and Cooperative Partnership for Peace and Prosperity has continued to grow rapidly since the start of this century.

Trade volume between China and India grew 20-fold from $2.9 billion in 2000 to $61.7 billion in 2010.

Last year, two-way trade between China and India hit $73.9 billion, a 19.7 percent increase on the previous year, despite the global economic slump.

Last year was the "Year of China-India Exchanges," during which the first bilateral Strategic Economic Dialogue was held and 500 Indian youths visited China.

China and India, as the world's largest developing economies, have great potential for bilateral cooperation in various sectors, such as in infrastructure construction, information technology and manufacturing.

The two countries have set a target of $100 billion in bilateral trade by 2015.