On December 16, 2010, Chinese Premier Wen Jiabao held talks with his Indian counterpart?Manmohan Singh in Hyderabad House in New Delhi to boost political trust between the two countries and bilateral cooperation in various areas.

The two sides decided to establish a strategic economic dialogue mechanism and the China-India CEO's forum, setting a new bilateral trade target of $100 billion by 2015.

Wen's visit to New Delhi marked the first to India by a Chinese premier in four years, and followed Indian President Pratibha Patil's visit to China in May, 2010, the first by an Indian head of state in a decade.

China and India forged diplomatic relations on April 1, 1950, half a year after the People's Republic of China was founded. The relationship between the two countries has experienced ups and downs over the past 60 years. It has been lifted to a new stage and kept growing since former Indian Prime Minister Atal Bihari Vajpayee visited China and signed a historic joint declaration in 2003.

During Premier Wen's last Indian tour in April 2005, the two countries signed a joint statement to upgrade their ties to a strategic and cooperative partnership for peace and prosperity, a landmark event that lifted bilateral relations to a new level.