China, Brazil sign MoU on industrial investment and cooperation

Brazilian President Luiz Inacio Lula da Silva visits an exhibition hall on the latest development in digital technology and digital economy at the Shanghai Research Center of Huawei in Shanghai, east China, April 13, 2023. (Xinhua/Gao Feng)

China's National Development and Reform Commission (NDRC) and Brazil's Ministry of Development, Industry and Foreign Trade signed a memorandum of understanding (MoU) on promoting industrial investment and cooperation on April 14.

The two sides will advance investment and cooperation in the fields of minerals, energy, infrastructure and logistics, manufacturing, high-tech, and agriculture to further enhance bilateral economic ties, according to NDRC, China's top economic planner.