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
Flag of Brazil and Tocantins), totalling 27 stars in its current version. The Portuguese territories in the Americas, corresponding roughly to what is now Brazil, never had their own official flag, since Portuguese tradition encouraged hoisting the flag of the Kingdom of Portugal in all territories of the Portuguese Crown. The first Brazilian vexillological symbols were private maritime flags used by Portuguese merchant ships that sailed to Brazil. A flag with green and white stripes was used until 1692. The green and white colors represented the House of Braganza and the national colours of Portugal. In 1692, that flag was no longer used