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 in Brazil program that would reserve 6% of its tax revenue to fund an unconditional dividend for all persons who have resided in the municipality for 5 years or more. , Santo Antônio do Pinhal was the only municipality in Brazil which had implemented a basic income program. Senator Eduardo Suplicy has praised the municipality for being a pioneer in implementing such a program at a municipal level in Brazil. In November 2013, the Apiaí municipality adopted a similar law to Santo Antônio do Pinhal's, with the difference that no portion of the municipality's tax revenue was directly allocated to the fund,