Essential to strike balance between speed, quality of growth, says Chinese President Xi Jinping at BRICS Summit
Jinping added that China would contribute a sizeable amount to the NBD project preparation facility to support the business operation in the long-term development of the bank.
Modi emphasised the need to accelerate track of cooperation in smart cities, urbanisation and disaster management.
PM Modi was the third leader to reach the convention centre, venue of the 9th BRICS Summit in this port city of China.
The US is concerned about "sovereignty issues and adherence to international law" amidst increased tension between the two Asian giants.