Brazil is vigorously promoting development strategies such as New Growth Acceleration Program, new industrial policy and the Routes for South American Integration initiative, which are highly compatible with the China-proposed BRI, Lula said.

Enhanced synergy of development strategies between Brazil and China will greatly contribute to Brazil's reindustrialization, promote the integration of South America, and set an example of solidarity, cooperation and mutual benefit among developing countries, he said.

The working groups of the two sides should step up discussions and promote cooperation in key areas such as infrastructure, finance, industrial chains, science and technology, and ecological conservation, Lula said, adding that more Chinese enterprises are welcomed to invest and conduct cooperation in Brazil.