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
History of Brazil a Catholic country?" General: from 1930 to 1985 it was under populist military government History of Brazil The history of Brazil starts with indigenous people in Brazil. Europeans arrived in Brazil at the opening of the 16th century. The first European to colonize what is now the Federation Republic of Brazil on the continent of South America was Pedro Álvares Cabral (c.1467/1468-c.1520) on April 22, 1500 under the sponsorship of the Kingdom of Portugal. From the 16th to the early 19th century, Brazil was a colony and a part of the Portuguese Empire. The country expanded south along the coast