Brazil–China relations Brazil, with financing oil exploration to repairing railways.The repair of railways and infrastructure came ahead of the Rio Olympics in 2016. There is also a trade phase from raw materials to heavy equipment and industrial goods. The two countries have also signed a currency agreement that will include up to $30 billion dollars worth of Chinese Yuan and Brazilian real. This deal was signed to provide an alternative currency to the US Dollar with respect to the Chinese Yuan. China is considered Brazil's largest trading partners. Brazil and China are members of an economic organization called BRICS, also consisting of
Basic income income to every member of its system. The idea of Nimses consists of time-based currency called Nim. 1 nim = 1 minute of life. Every person in Nimses receives nims that can be spent on different goods and services. This concept was initially adopted in Eastern Europe. Prominent contemporary advocates include Philippe Van Parijs, Yanis Varoufakis, former finance minister of Greece and Mark Zuckerberg, founder of Facebook. Andrew Yang, a Democratic candidate for president of the United States in 2020, is using Universal Basic Income as his primary running platform Basic income A basic income, also called basic income guarantee,