The meeting, which comes after the Doklam standoff, is aimed at a working a new paradigm for the bilateral relations for the next 15 years.
Chinese President Xi Jinping arrived in Chennai to a grand welcome on Friday, a visit that comes soon after the recent episode of turbulence in bilateral ties over India's decision to withdraw Jammu and Kashmir's special status and reorganise the state into two union territories.
'As his party's Supreme Leader, Modi has led India down the wrong road by insisting on friendship with China even as its soldiers went about claiming territory,' argues Harishchandra Dighe.
"Indian yatra to Kailash and Manasrovar is an important part of China-India people-to-people and cultural exchanges... The two sides agreed that a total of 350 yatris in seven batches would take part in yatras to Xizang through Nathula Pass this year," the spokesperson of Chinese embassy in India said.
Talking about the Line of Actual Control, Defence Minister Nirmala Sitharaman said as it is not completely demarcated, there are differing perceptions about it by both sides.
The joint statement said Jaishankar and Wang agreed that both sides should take guidance from the series of consensus reached between leaders of the two countries on developing India-China relations, including not allowing differences to become disputes.
"The RSS is trying to change the nature of India. Other parties haven't tried to capture India's institutions," he said.
The onus today is on China, but it also requires a little diplomatic finesse from India, backed by a modernised armed force, argues BJP MP Subramanian Swamy in this excerpt from his new book, Himalayan Challenge: India, China And The Quest For Peace.
'New Delhi showed itself willing -- at least for a period -- to tolerate the risk of conflict and to withstand Beijing's implicit and explicit threats.' 'But it also continued to try to cut some kind of deal with China to reduce tensions.'
Projecting the mining operations as part of China's move to take over Arunachal Pradesh, the report said 'people familiar with the project say the mines are part of an ambitious plan by Beijing to reclaim South Tibet'.
Chinese Ambassador Sun Weidong said India and China are able to properly manage their differences, and called upon New Delhi to avoid taking actions that may 'complicate' the situation in eastern Ladakh.
The prime minister and the Chinese president walked along the banks of East Lake and also took a boat ride together as they decided to step up their personal rapport.
Congress spokesperson Manish Tewari said Saturday's incident along the LoC was an outcome of Prime Minister Narendra Modi's "flip-flops and somersaults" on Pakistan.
Government sources also said there was no question of any discussion on the issue as it is India's sovereign matter but added that Modi will update the Chinese President on the matter if there is a query.
'Chinese troops are not geared to fight Indian troops who are battle hardened and acclimatised and are far more hardy.'
The article in the Global Times said that if India "stirs up conflicts in several spots, it must face the consequence of an all-out confrontation with China along the entire LAC."
The president said China would never allow "any people, organisation or political party to split any part of Chinese territory out of the country at any time, in any form."
He praised the PLA's combat readiness.
"We have tweeted that the two leaders discussed a range of issues. A range of issues means a range of issues. I don't want to add anything further... I leave it to you to draw your conclusion," external affairs ministry spokesperson Gopal Baglay said.
'For this kind of informal summit, I think it is better to leave the leaders much time to discuss whatever they would like to discuss'
India looks less equal to China than 5 years ago, the strategic alliance with the US is hobbled by trade, and Pakistan is looking anything but chastened by Balakot. What has gone wrong? asks Shekhar Gupta.
'How can a State, which claims to be a responsible power, unilaterally grab a "disputed" area to build a road on it?' asks Claude Arpi.
'And this mirror imaging is the most dangerous thing because it leads to tremendous misunderstandings.'
The Wuhan meetings signify an incremental shift in China's position on India as well as each country buying time for the next phase of bilateral relations, says Srikanth Kondapalli.
"Terrorism is an enemy of the basic human rights: of life, peace and prosperity," Swaraj said.
'If Islamic extremists regain power in Afghanistan, Pakistan will lead them to Kashmir as a fighting arena again. India needs to fortify Kashmir and prepare against these Islamic extremists before they come again.'
'Modi and Xi can solve the India-China border problem in a single sitting by keeping the big picture before them, by sweeping away the cobwebs of the past, and by mustering a statesman-like spirit and a long range vision,' says B S Raghavan, the distinguished civil servant.
'The Himalayan people may not represent a large or politically influential section of the population, but India's security depends on them.' 'Let us hope Sikkim remains a beacon of stability,' says Claude Arpi after a recent visit to the picturesque north eastern state.
Samdong Rimpoche's visit to China materialised against the backdrop of strained India-China relations consequent to the face-off between Indian and Chinese troops at Doklam, says former RAW officer Jayadeva Ranade.
Xi and Modi are scheduled to hold informal summit talks on Friday evening and on Saturday.
'They know it can embarrass them, as this surely isn't 1962.' 'They also know the moment they fire the first shot, all insecure powers in their front-yard, Australia to Japan and all the way westwards to India, will be brought together overnight, not something the deputy superpower wants,' says Shekhar Gupta.
Official sources said Tuesday's incident at Pangong and ways to maintain peace and tranquility along the Sino-India border in Ladakh were discussed at length at the border personnel meeting.
Ren Guoqiang, a spokesperson of the Chinese defence ministry, in a statement said, "Chinese armed forces have also shown a high level of restraint with an eye to the general bilateral relations and the regional peace and stability."
The share of adults who say the economy is 'very good' (30 per cent) has tripled in the past three years, it added.
It also took exception to Australian Foreign Minister Julie Bishop's call for resolving the Doklam issue peacefully
The issue "will not affect" the "long-standing" economic and cultural ties between the two countries, a top Chinese official said.
'India is a huge market for Chinese goods. I don't think a war stands to logic when you have economic compulsions, but then Chinese are known to do illogical things.'
'Modi's recent decisions to improve India-China relations, adjust India's neighbourhood policies and to rebalance India's ties with the major powers are linked to his political agenda.' 'Of course, the good part is that this agenda is also in the national interest,' says Ambassador M K Bhadrakumar.
'The need of the hour is to build on the positives and control the negatives,' says Colonel (Dr) Anil A Athale (retd).
Ten days later, with the Indian Army in full control of the area where the incident took place, New Delhi has signalled a face-saver for Beijing.