China, India raise trade targets

China and India have agreed to hold more joint military exercises and raise two-way trade targets, the Wall Street Journal reported. Coming during Indian Prime Minister Manmohan Singh’s three-day visit to China, the agreement sets a target of US$60 billion in bilateral trade by 2010, up from $US40 billion. Two-way trade reached US$37 billion last year. Specific dates were not provided for joint military exercises, which would be held in India, as a first round was held in China last year.