On December 15, local time, Chinese Premier Wen Jiabao attended and addressed the India-China Business Cooperation Summit in New Delhi.

Hailing the sound momentum of bilateral ties, Wen said that economic and trade cooperation between China and India has witnessed unprecedented progress in recent years. He said the cooperation has entered a most vigorous and fruitful "new period." "Our trade volume has increased by 20 times in the past ten years, and India is one of China's largest overseas engineering contract markets. Our mutual investment is in the ascendant and has brought rich benefits to both sides," Wen said.

"The rapid economic growth of both sides served as important engines f