Since ancient times, the trade ties between the two nations have also flourished. China is India’s second-largest trading partner in goods, and India is China’s largest trading partner in South Asia. Currently, there are over 1,000 Chinese companies doing business in India, and they have together created over 200,000 local jobs. Over two-thirds of Indian companies operating in China are making steady profits.
This is not the first time that the two leaders have met at an offbeat destination. In April last year, too, when Modi had visited China after the Doklam standoff, the Chinese holiday destination of Wuhan was picked as a venue for a two-day informal summit.