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 which have been labeled as "basic income pilots". The best known are: Bolsa Família is a big social welfare program in Brazil that provides money to many poor families in the country. The system is related to basic income, but also has some differences in that there are some conditions like asking the recipients to keep their children in school till graduation. Brazilian Senator Eduardo Suplicy championed a law, ultimately passed in 2004, that declared Bolsa Família to be a first step towards a national basic income. However, the program has not yet been expanded in that direction. Rythu Bandhu