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 the Brazil national football team South Korea and Japan. This happened despite a rather shaky qualifying tournament, which saw the national team drop to its lowest-ever FIFA ranking and only secure automatic qualification in the final round of group matches, largely because Paraguay and Uruguay both failed to win their own final matches. The groupings appeared at first glance to favour Brazil; their adversaries would be Turkey, China PR and Costa Rica. In the end, a stronger-than-expected Turkey finished the tournament in third place. Brazil went on to beat all three opponents, scoring 11 goals and conceding only three, and topping the group. In Brazil's