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Prime Minister Narendra Modi arrived here late tonight for a two-day informal summit with Chinese President Xi Jinping.
The bilateral trade volume reaching USD 84.44 billion in 2017 is regarded as a landmark as for the first time it touched USD 80 billion mark, well above the USD 71.18 billion registered in 2016.
The summit comes ahead of Shanghai Cooperation Organisation (SCO) summit in Qingdao city in June.
The leaders will probably discuss issues while walking in a park or during a boat ride on the East Lake in Wuhan city.
President Jinping and Prime Minister Modi are expected to hold bilateral talks on Friday as part of the two-day informal summit between India and China.
The informal summit between Prime Minister Narendra Modi and Chinese President Xi Jinping in Wuhan will provide an opportunity to the two leaders to begin a "genuine" dialogue.
There is no set agenda for talks. It will happen in a very informal setting, friendly setting, Indian envoy Gautam Bambawale said.
Taipei accused China Thursday of endangering the health of Taiwanese people and compromising global epidemic prevention by blocking it from the World Health Organization.
Prime Minister Narendra Modi will leave for China on Thursday evening to attend an informal summit, to be hosted by Chinese President Xi Jinping in Wuhan city on April 27 and 28.
India opposes the initiative because the China Pakistan Economic Corridor, a part of the BRI, runs through Pakistan Occupied Kashmir.
Markets have been awaiting the release of the final version of new rules for China's $15 trillion asset management sector as part of a crackdown on risk in China's financial system.
Prime Minister Narendra Modi’s trip to Wuhan, capital of the central Chinese province of Hubei, 27-28 April for an “informal” summit with president Xi Jinping is unusual for several reasons.
Indian and Chinese troops had been locked in a stand-off for over two months last year in the Doklam area near Sikkim before "disengaging" on August 28.
Consul General Kurt Tong said China had breached its commitments to the World Trade Organisation to such an extent that it was detrimental to the US, which was now 'justified in claiming damage'.
The Belt and Road is Chinese President Xi Jinping's landmark scheme to build infrastructure to connect China to the rest of Asia and beyond, a giant reworking of its old Silk Road.