The third meeting of the Committee of the Brazil-China Co-operation Fund for Productive Capacity Expansion for Sustainable Development was held last week at the headquarters of the Brazilian Development Bank (BNDES) in São Paulo.

The meeting marked another advance in the strategic economic partnership between Brazil and China, reaffirming both countries' commitment to mobilising long-term investment through the Brazil-China Fund in support of the ecological transition, sustainable infrastructure development and the promotion of a low-carbon economy.

The meeting was co-chaired by Mathias Alencastro, Secretary of International Affairs of the Ministry of Finance, and Li Hongyan, Deputy Administrator of China's State Administration of Foreign Exchange (SAFE). It was also attended by Nelson Barbosa, Executive Director of BNDES, and Yang Xiaojun, President of the China-Latin American Production Capacity Cooperation Investment Fund (ClaiFund).

During the meeting, progress achieved since June 2025 was highlighted, particularly in the implementation of priority projects and the attraction of investment. The initiatives cover strategic areas such as transport, energy transition, digital connectivity and industrial modernisation, including highways, data centres, urban mobility, telecommunications, energy and technological innovation, as well as joint participation in investment funds in Brazil.

(Source: Ministry of Finance of the Federal Government of Brazil, on 29 May)