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China is optimistic about Brazil's development prospects and fully confident in bilateral cooperation, Xi said, adding that China stands ready to share development experience and gains with Brazil, so as to achieve common prosperity.

Bilateral trade has reached almost 100 billion U.S. dollars, and more than 1,000 Chinese companies have increased their presence in industrial parks and e-commerce in India, with a total investment of 8 billion dollars and 200,000 local jobs created.

As an important outcome of last year's Johannesburg meeting, the BRICS partnership for a new industrial revolution has progressed well in the past year, he said, adding that China is willing to work with concerned parties to accelerate the development of the partnership and tap more potential for cooperation projects, so as to propel high-quality development of the five countries.

To achieve this, the capacity of governance had been important.