Mukherjee, who is making his first visit to China as President, has made a number of trips to this country in various capacities including as Deputy Chairman of the Planning Commission and Defence Minister.
In Guangzhou, the highly industrialised city in China, Mukherjee will address the India-China Business Forum in which some top Indian industrialists will also be present.
The President will arrive in Beijing on Thursday where he will meet with President Xi Jinping and other top Chinese leadership including Premier Li Keqiang and National People's Congress Chairman Zhang Dejiang.
In discussions with the Chinese leadership, the issues of Chinese reservations on India's membership in the Nuclear Supplier Group and the UN ban on Azhar are expected to figure prominently.
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Bilateral ties have been on an upswing since Xi's landmark India visit in September, 2014 during which both countries had signed 12 agreements and China pledged an investment of USD 20 billion in India's infrastructure sector.
However, irritants in ties cropped recently after China blocked India's move to get a UN ban on Jaish-e-Mohammed (JeM) chief Azhar and opposed granting India membership of NSG, saying it must sign the Non-Proliferation Treaty (NPT) to get an entry into the 48-member group.
India had countered the Chinese contention of signing NPT before becoming a member of NSG as "confusion" as NPT allows civil nuclear cooperation with non-NPT countries.
"We seek a fair, reasonable and mutually acceptable
He had also said China joining hands with India in the fight against terrorism will have "its own impact", indicating that the two countries must comer together to deal with the challenge.
The comments came against the backdrop of Beijing blocking India's bid to put Azhar on the UN list of proscribed terrorists.