A total of 12 industrial projects valued at over 30 billion yuan (approximately USD 4.18 billion) were formally signed last Saturday (June 28) during a matchmaking event held in Beijing, China. The initiative, which brought together government officials, entrepreneurs, and investors from the BRICS bloc — Brazil, Russia, India, China, and South Africa — aimed to catalyze new industrial synergies focused on technological innovation, clean energy, advanced manufacturing, and shared value chains.
According to China Daily, the state-run newspaper that reported on the event, the agreements reflect the diversification of intra-BRICS interests and the growing maturity of their commercial relationships. The deals go beyond traditional raw materials trade, embracing structural investments and broad-spectrum industrial development initiatives.
The event was organized by the BRICS Innovation Center, headquartered in Xiamen, Fujian Province, in southeastern China. Around 200 representatives from BRICS and partner countries attended. The gathering focused on building an innovative cooperation platform that integrates project matchmaking, technology exchange, and industrial collaboration.
During the event, Cui Yonghui, Secretary of the Communist Party Municipal Committee in Xiamen, highlighted a group of high-quality industrial projects with strategic relevance. These initiatives target priority sectors for the next phase of economic and technological development, including digital manufacturing, green and low-carbon economy, healthcare, scientific research, and innovation.
According to Cui, the selected projects not only represent key pillars of the current global industrial transformation but also align with national goals for modernizing productive systems and promoting sustainable growth. “These projects hold enormous market potential and offer broad scope for pragmatic cooperation among stakeholders,” he stated.
Cui also emphasized that BRICS serves as “a convenient platform for business collaboration and information sharing,” underscoring its importance in fostering economic integration and technological innovation among emerging economies.
The expectation is that this mechanism will significantly deepen and enhance the density and quality of South–South economic interactions, generating clear benefits for sustainable growth and economic resilience in developing nations.
Victor Queiroz, General Manager of the Asia-Pacific Office of ApexBrasil (Brazilian Trade and Investment Promotion Agency), stated that ApexBrasil aims to boost exports of Brazilian products — particularly agricultural goods — to China, attract more Chinese investment to Brazil, and further promote bilateral cooperation in areas such as new energy, digital economy, and green agriculture.
Source: O Telegrama
