"On the basis of the Five Principles of Peaceful Co-existence, we can have mutually beneficial cooperation. This is in the fundamental interest and long term interest of our two peoples and also contribute to world peace and human progress," Wang said.
At the same time, China and India as two big nations, also have important responsibilities for upholding the regional peace and stability," he said.
When it comes to the recent tensions between India and Pakistan and the possible ramifications, we follow these developments very closely. We hope that India would also play a constructive role for the regional peace and stability," Wang said.
The visit of Jaishankar, the first Indian minister to tour China after the Modi government began its second term, is taking place following India's decision to revoke the special status of Jammu and Kashmir and divide the state into two Union Territories -Jammu and Kashmir, and Ladakh.
His visit was finalised much before India's move to revoke Article 370 of the Constitution that gave special status to Jammu and Kashmir.
Jaishankar's visit comes days after Pakistan Foreign Minister Shah Mahmood Qureshi travelled to Beijing on August 9 to seek China's support for his country's attempts to take India's move to revoke special status to Kashmir to the UN Security Council.
India has maintained that Jammu and Kashmir is its integral part and the issue is strictly internal to the country.
Jaishankar's visit is mainly to finalise arrangements for President Xi's visit to India later this year for the second informal summit with Prime Minister Narendra Modi.
In his opening remarks, Jaishankar said as you know India-China relationship has a very unique place in global politics. Two years ago, our leaders recognised the reality and reached consensus at Astana that at a time of global uncertainty, India, China relationship should be a factor of stability."
"To ensure that, it was important that differences between us, if any, should not become disputes. It was matter of great satisfaction that at the Wuhan summit last year, there was very deep, constructive and open exchange of views between our leaders. We have seen the impact of that on the bilateral relations since," he said, referring to the summit meeting between Prime Minister Modi and President Xi.
Today looking at the efforts that while the leaders give further guidance for the growth of our relationship, it is important to build public support for the relationship. We have done that over the years by being sensitive to each other's core concerns and by managing differences properly and by working on the positive convergences that we have on the relationship," he said.
"I hope today the discussions we have would help us translate those convergences into many more shared activities and collaborations," he said.
Jaishankar, who served as India's Ambassador to China from 2009 to 2013, the longest tenure by an Indian envoy, told the foreign minister that it is a pleasure for me to visit China early in my tenure as Foreign Minister to co-chair the high-level mechanism with you to also make preparations for the forthcoming informal summit between our leaders.
Foreign Minister Wang while referring to his restrictive delegation talks with Jaishankar in which only few officials were present, said, We just had in-depth discussions and at the large group meeting would also have important discussions on bilateral issues and important political agenda between the two sides and I am sure your visit this time will be useful for our bilateral relations and for regional stability. Once again welcome to China."
Modi and Xi set the bilateral relations back on track with their first-ever informal summit last year at Wuhan after a 73-day standoff at Doklam between the two militaries in 2017.
The longstanding issue of India's concerns over trade deficit, which last year climbed to over USD 57 billion in the USD 95.5 billion bilateral trade, is expected to figure in Jaishankar's talks with Chinese leadership.
After India's move to scrap the special status of Jammu and Kashmir and bifurcate the state, China issued two separate statements outlining its position on Ladakh and, Jammu and Kashmir.
In one statement, China objected to the formation of Ladakh as Union Territory by India, saying it undermined its territorial sovereignty.
It also expressed "serious concern" about the current situation in the region and said "relevant sides need to exercise restraint and act prudently".
In New Delhi, External Affairs Ministry spokesperson Raveesh Kumar had said, "India does not comment on the internal affairs of other countries and similarly expects other countries to do likewise.
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