NEW DELHI - Chinese President Hu Jintao met with his Russian counterpart Dmitry Medvedev in New Delhi on Wednesday to exchange views on bilateral ties and international and regional issues of common concern.

The two leaders met on the sidelines of a summit of Brazil, Russia, India, China and South Africa, the grouping known as BRICS.

The China-Russia strategic cooperative partnership has seen unprecedented development in recent years. The two countries have strengthened their strategic and political mutual trust.

They also have raised the quality and expanded the quantity of trade and economic cooperation, and coordinated closely in handling international and regional affairs.

Hu last June paid a state visit to Russia, during which he and Russian leaders agreed to develop a comprehensive strategic cooperative partnership featuring equality, mutual trust, mutual support, common prosperity and lasting friendship in the new decade.

The two countries also agreed to boost bilateral trade, with the goals of reaching $100 billion by 2015 and $200 billion in 2020, and enhance cooperation in other sectors.

In 2011, bilateral trade reached a record high of $79.2 billion.

The achievements made in China-Russia relations not only boosted the development, progress and stability of the two countries, but also contributed to regional and international peace, security and development.

In telephone talks with Russian President-elect Vladimir Putin on March 6, Hu said that China has, as always, identified its ties with Russia as "one of its diplomatic priorities," and stood "ready to work with Russia to boost practical cooperation and strategic coordination" in a bid to continuously lift the China-Russia comprehensive strategic partnership to higher levels.

Putin said Russia attaches great importance to its ties with China and is willing to make concerted efforts to boost practical cooperation in areas such as the economy and trade, and science and technology.