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
Brazil national basketball team Brazil national basketball team The Brazil national basketball team is governed by the Brazilian Basketball Confederation (), abbreviated as CBB.<br> They have been a member of the International Federation of Basketball (FIBA) since 1935. Brazil's basketball team remains among the most successful in the Americas. It is the only team besides the United States that has appeared at every Basketball World Cup since it was first held in 1950. Basketball was initially introduced to Brazil by Professor Augusto Shaw in 1896. In 1912, he began organizing the first state tournament and in 1922 the first national team made its debut