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President Xi Jinping walks with Indian Prime Minister Narendra Modi after he arrives in Chennai, India, on Friday.

President Xi is also expected to speak about the Modi government's decision to scrap Article 370 and bifurcate the state of Jammu and Kashmir into two union territories of J&K and Ladakh.

The second round of the informal summit between Indian Prime Minister Narendra Modi and his Chinese counterpart Xi Jinping kicked off on Saturday morning in the state of Chennai.

As Xi's motorcade departed for the city area, many local students and residents lined up in the streets, waving the Chinese and Indian national flags, holding pictures of Xi and Modi, and chanting "China-India friendship" to express their warm welcome to the Chinese leader. The two world leaders took a tour of some of the historical sites across the town and later, a cultural programme, followed by dinner was hosted in President Xi's honour.

Friday's talks between Modi and Xi were aimed at building on the relationship reset that began in Wuhan in April past year.

In April previous year, they met in Wuhan, a a picturesque Chinese lake city, months after a 73-day face-off between the armies of the two countries in Doklam.

"I don't think either India or China has this kind of mechanism with any other leader in the world for the leaders to meet informally and to speak and discuss without a set agenda", he said.

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In their first informal meeting past year, the two leaders reached the consensus that the differences between the two countries should not be allowed to turn into disputes. "We are able to bring forth closer cooperation between both countries", Xi said, while adding that the discussions have been "very in-depth" and "good".

The idea of unstructured, free-wheeling discussions was floated after PM Modi and President Xi met in Kazakh capital Astana in June 2017 for the Shanghai Cooperation Organisation (SCO) Summit.

Hence, China is expected to relax visa restrictions for Indian tourists and professionals for a greater people-to-people connect, sources said.

Misri also stressed the importance of India-China cooperation under multilateral frameworks such as the Shanghai Cooperation Organization, BRICS and the G20.

It is not known whether Modi and Xi discussed the Kashmir issue, which have strained ties between the two countries.

The two countries' ancestors have overcome various obstacles to carry out extensive exchanges and promote the development of literature, art, philosophy and religion, which have greatly benefited both sides, Xi said. The bank, headquartered in Shanghai, is now headed by Kundapur Vaman Kamath, former chairman of ICICI Bank, India's largest private sector bank.

The second informal summit is expected to continue to guide the development of China-India relations from a strategic and global perspective, said Zorawar Daulet Singh, a fellow at the Delhi-based Centre for Policy Research.

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