Settling in Xiamen

17 November 2020, President Xi Jinping announced that China will set up an innovation center for BRICS partnership on new industrial revolution in Xiamen City of Fujian province with a clear focus on policy coordination, personnel training and project development.
On 8 December 2020, the 2020 BRICS Forum on Partnership on New Industrial Revolution was successfully held in Xiamen, during which the BRICS Innovation Center was formally launched.
BRICS representatives and relevant international organizations gathered in Xiamen to witness the official launch of the innovation base for the BRICS Partnership on New Industrial Revolution.
It will become an important platform for the BRICS members to promote partnerships and to leverage each other's strengths to develop and prosper against the background of the Fourth Industrial Revolution.

Major Significance
1. A major initiative aimed at leading results-oriented BRICS cooperation, which is proposed by President Xi Jinping after taking into consideration of the overall interests and future development needs of all stakeholders.
2. An innate requirement and important platform for delivering closer BRICS cooperation and strengthening PartNIR.

3. A key driver for materializing PartNIR and a brand new platform for deepening BRICS cooperation.

Development Goals

The BRICS Innovation Base adheres to the BRICS spirit of openness, inclusiveness, and win-win cooperation. It focuses on the implementation of the BRICS Partnership on New Industrial Revolution, and the innovation and cooperation in the industrial field. It also considers trade and investment, cultural exchanges, and other fields as a whole. Besides, the base systematically carries out international exchange and cooperation activities, enhances the impetus to BRICS cooperation and the ability to jointly meet the challenges of the new industrial revolution, and promotes the common realization of technological progress, economic prosperity, and social development.