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
Science and technology in Brazil under João Baptista de Lacerda and Louis Couty. Unfortunately, the creation of research universities and institutes would only occur on the beginning of the 20th century - a long delay for the education, science and technology in Brazil. Oldest scientific journal in Brazil, "Archivos do Museu Nacional", was established in 1876. Brazil today has a well-developed organization of science and technology. Basic research is largely carried out in public universities and research centers and institutes, and some in private institutions, particularly in non-profit non-governmental organizations. More than 90% of funding for basic research comes from governmental sources. Brazil is one