Search
Close this search box.
Search
Close this search box.

BRICS Summit: BRICS to Invest $100 Billion in Global Technological Innovation

BRICS Invest in Global Technological Innovation

Emerging global giants are teaming up to advance in tech areas, from space exploration to e-commerce. Over the years, China’s tech partnerships with other developing nations highlight how vital global teamwork is, especially in today’s climate marked by rising unilateralism and protectionism.

Recently, top government officials from the BRICS nations – Brazil, India, China, Russia, and South Africa – met to discuss the future of international tech collaboration. China’s Science and Technology Minister, Wang Zhigang, expressed the nation’s eagerness to foster deeper tech ties and encourage more exchanges among BRICS countries. This sentiment was echoed in a joint statement that emphasized a unified approach to tech innovation.

And there’s more collaboration on the horizon! The BRICS Summit, set to kick off on August 22, marks the first in-person gathering of its kind since the COVID-19 pandemic started. Leaders from these five countries will brainstorm on global challenges, hoping to bring a touch of stability to a rapidly changing world, as shared by Foreign Ministry spokesperson, Wang Wenbin.

China, with its booming economy and cutting-edge advancements in everything from wireless tech to quantum computing, has been generous in sharing its expertise with nations in need.

Take space exploration, for instance. China’s National Space Administration (NSA) is in cahoots with the BRICS nations on a satellite program aimed at monitoring environmental shifts and predicting natural disasters. This initiative, born from a 2021 agreement, is an indication of China’s willingness to share its space achievements, especially now that they’ve wrapped up their manned space lab project.

On the global stage, China’s tech diplomacy has cast a wide net. They’ve inked tech collaboration deals with a whopping 161 countries, regions, and global organizations. Plus, they’re a part of over 200 international agreements. Among their contributions? They’ve chipped in to build one of the world’s most advanced telescopes and are part of the team developing a groundbreaking thermonuclear reactor. Climate change, food safety, and health research are other areas where China is collaborating with the BRICS nations and others.

And on the trade front? China’s been South Africa’s main trading buddy for 13 straight years. In 2022 alone, the trade between the two countries reached a robust $56.74 billion, marking a 5% increase from the previous year, as reported by the Foreign Ministry.

BRICS countries, comprising Brazil, Russia, India, China, and South Africa, are making waves in the world of science and technology. According to a recent report, they’re responsible for a significant chunk of global R&D spending – a sixth, to be exact! And that’s not all; they’ve also produced a quarter of all the world’s science and tech research papers. Talk about punching above their weight! When it comes to exporting advanced tech products, these five countries have shipped out goods worth over a staggering $6 trillion, making up 25% of global exports in this sector.

At a recent seminar backed by the Ministry of Science and Technology, experts were buzzing about the immense potential BRICS nations hold. From exploring biotech and space tech to battling climate change and pioneering new energy solutions, the collaborative opportunities seem endless.

But it’s not just on the governmental level; Chinese companies are also establishing their foothold in BRICS countries. China’s trade relations with nations like Russia and South Africa are robust. And let’s not forget about the tech-savvy consumers in India and Brazil, who can’t get enough of Chinese smartphone brands like Xiaomi and Motorola.

It’s incredible to see technologies that have become commonplace in China, such as mobile payments and online shopping, gaining traction in Africa. With the support of Chinese companies, African countries, which previously didn’t have a strong tech scene, are now witnessing the growth of e-commerce networks, food delivery services, and more. The future of tech in these regions looks bright and promising!


Subscribe to Our Newsletter

Related Articles

Top Trending

Crypto Celebrities Who Are Changing The Game
10 Crypto Celebrities Who Are Changing The Game
VPS Hosts Offering Flexible And Scalable Storage Upgrades
Top 10 VPS Hosts Offering Flexible And Scalable Storage Upgrades
Strategies For Sustainable Logistics Practices
Top 10 Strategies For Sustainable Logistics Practices
Tips For Maximizing Natural Light In Your Home
8 Designer Tips For Maximizing Natural Light In Your Home
Steps To Buying A Property In Italy’s
12 Steps To Buying A Property In Italy’s Truffle Regions

LIFESTYLE

lovelolablog code
Unlock Exclusive Lovelolablog Code For Discount Deals in 2025
Sustainable Kiwi Beauty Products
10 Sustainable Kiwi Beauty Products You Should Try for a Greener Routine
Best E-Bikes for Seniors
Best E-Bikes for Seniors with Comfort and Safety in Mind
wellhealthorganic.com effective natural beauty tips
Top 5 Well Health Organic Beauty Tips for Glowing Skin
Chemical-Free Alternatives to Your Favorite Beauty Products
7 Chemical-Free Alternatives to Your Favorite Beauty Products You Need to Try

Entertainment

The Story of Slash Electric Alexander Edwards
Meet Cher's Boyfriend's Son: The Story of Slash Electric Alexander Edwards
Ben Shapiro Net Worth
Ben Shapiro Net Worth: How He Made a Fortune of $50 Million
jynxzi net worth
Jynxzi Net Worth 2025: Breaking Down The Streamer's Earnings, Assets, and Lifestyle
Best Korean Series
5 Best Korean Series to Watch on Netflix in 2025
Piper Rockelle lawsuit update
Piper Rockelle Lawsuit Update: $1.85M Deal & Allegations Explained

GAMING

How To Grow Your Gaming Channel On YouTube
Want to Skyrocket Your YouTube Gaming Channel? Here's How!
harmonicode games
Exciting Harmonicode Games for Gamers: Dive Into the Ultimate Gaming Experience!
thinkofgames com guides
Ultimate ThinkOfGames Com Guides: The Ultimate Resource For Gamers
Ways Gaming Can Actually Improve Your Mental Health
Top 10 Ways Gaming Can Actually Improve Your Mental Health
Stay Productive While Working from Home
10 Practical Ways to Stay Productive While Working from Home

BUSINESS

Strategies For Sustainable Logistics Practices
Top 10 Strategies For Sustainable Logistics Practices
Video Marketing for Brand Recognition
The Power of Video Marketing for Brand Recognition
Ways Businesses Can Integrate Web3 Without Overhauling Everything
7 Web3 Integration Tips for Businesses That Want Simplicity, Not Chaos
Elon Musk Trump tariff pause tesla stock soars
Elon Musk Wins as Trump Halts Tariffs, Tesla Stock Soars
Australian Platforms Offering Live Mentorship
10 Australian Platforms Offering Live Mentorship And 24/7 Support

TECHNOLOGY

Ways Businesses Can Integrate Web3 Without Overhauling Everything
7 Web3 Integration Tips for Businesses That Want Simplicity, Not Chaos
How Quantum Computing Could Disrupt the Web3 Space
Web3 Revolution: Brace for Quantum Computing Disruption
Web3 Loyalty Programs Rewarding Users For Engagement
Get Rewarded for Engagement with These Top Web3 Loyalty Programs
Best Cameras For Streaming High-Quality Gameplay
Upgrade Your Stream: 7 Best Cameras for Streaming High-Quality Gameplay
Best Mobile-First Learning Apps For Australians
Top 10 Best Mobile-First Learning Apps For On-the-Go Australians

HEALTH

Small Things Neurologists Wish You’d Do For Your Brain
10 Small Things Neurologists Wish You’d Do For Your Brain
Ways Gaming Can Actually Improve Your Mental Health
Top 10 Ways Gaming Can Actually Improve Your Mental Health
Benefits of Single Case Agreements for Patients
Benefits of Single Case Agreements for Patients & Providers
World Health Day 2025
Exploring the Significance of World Health Day 2025
Telemedicine Tips
Telemedicine Tips: Scheduling Virtual Care Right