Also, Chinese President Xi Jinping is set to visit India this year.
Here is how the Chinese media reported Wang's recent visit to Delhi:
A BBC report quotes China Youth Daily saying 'the task of revitalising India's faltering economy is absolutely possible" under Mr Modi's leadership'.
"The Sino-India competition is like a soccer match. China is leading at the first half of the game with a wide margin. The second half of the game is beginning as India enters into the Modi era," it says.
"With a low starting point, it is absolutely possible that India will perform better than before", it says.
The BBC report says that an article in China Net says both China and India have adopted similar positions in international affairs, and there is "no foundation" for conflicts between the two countries to happen.
"The sluggish global economy will bring the Beijing-Delhi economic co-operation closer...It will not benefit China and it will disrupt India's development if the bilateral relationship turns bad because of Japan," it says.