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
Name of Brazil Name of Brazil The name "Brazil" is a shortened form of "Terra do Brasil", "land of Brazil", a reference to brazilwood, given in the early 16th century to the territories leased to the merchant consortium led by Fernão de Loronha for commercial exploitation of brazilwood for the production of wood dyes for the European textile industry. The term for the brazilwood tree in Portuguese, "pau-brasil", is derived from "brasa" ("ember"), a reference to the colour, formed from medieval Latin "brasa", from Old French "brese", "ember, glowing charcoal", in turn from a West Germanic "*brasa"). The land of what became Brazil