The summit also offered an opportunity for Zhejiang to showcase its strong economy and attract new investors.

"The manufacturing industry, the base of a thriving economy, is a strong support to Zhejiang's modernization," said Yuan Jiajun, governor of Zhejiang, at the meeting.

Yuan added that Zhejiang is grasping the opportunities brought by the new industrial revolution to further the development of the province's industrial sector, and he called for more exchanges and cooperation between the province and the BRICS nations.

Miao Wei, head of China's Ministry of Industry and Information Technology, addresses the BRICS meeting in Hangzhou, Zhejiang province on July 29. [Photo/miit.gov.cn]

Miao introduces the action plan to the public at a news conference after the BRICS meeting in Hangzhou on July 29. [Photo/zjol.com.cn]