CANNES, France - Chinese President Hu Jintao met with Russian President Dmitry Medvedev here Thursday to discuss further development of the China-Russia strategic cooperative partnership and exchange views on major world and regional issues of common concern.

The two leaders met on the sidelines of a summit of the Group of 20 (G20), which convenes Thursday and Friday to address problems affecting the world economic recovery and stability of the global financial markets.

The China-Russia strategic cooperative partnership has seen unprecedented development since the two countries signed the China-Russia Treaty of Good-Neighborliness, Friendship and Cooperation in 2001.

In June this year, President Hu paid a state visit to Russia, during which he and Medvedev agreed to develop a comprehensive strategic cooperative partnership featuring equality, mutual trust, mutual support, common prosperity and lasting friendship in the new decade. They also agreed to increase bilateral trade to $100 billion by 2015 and $200 billion in 2020, among cooperation in other areas.