China and Brazil are working for a brighter future. In hopes of improving their economies and the livelihood of their citizens, the two countries are strengthening their bond through the cooperation of their science and technology sectors.

According to Global Times, Wan Gang, Chinese science and technology minister, announced Friday that China and Brazil are working hand-in-hand and supporting each other to facilitate progress in the fields of science and technology.

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Wang also noted that the dialogue between China and Brazil centered on their drive to innovate the said sectors, in addition to the achievements they have attained thus far.

Since China is working on an economic growth model and Brazil is planning on boosting its industrial sector, Wang confirmed that the two countries are going to share resources and exchange experiences toward the path of innovation.

Brazil's Minister of Science and Technology, Aldo Rebelo, said the cooperation between the two arrived at the perfect time when there's been major transformations in the science and technology sector.

Gang and Rebelo has already signed a memorandum of understanding that encourages bilateral science cooperation between the two countries.

Thus far, the cooperation has led to the abrupt growth of oil trade between China and Brazil. Global Post has learned that the China is currently the largest market of Brazil's pertoleum sector.

Since the start of 2015 to May, the South American country has about over 5.4 million tons of oil to the Asian sleeping giant.

The upsurge in Brazil's oil sales is obviously very favorable to the country that has discovered pre-salt oil reserves of up to 70 billion barrels in its southeastern waters in 2007/

Meanwhile, it appears that China and Australia may start to drift apart as Brazil gets closer to the Asian giant, reports AFR.

Dean of the Institute of International Studies at Fudan University Wu Xinbo opined that the alliance between China and Brazil could endanger the relationship between China and Australia.

"If Australia gets closer to the United States we will see China increase its purchases from Brazil, while reducing its trade with Australia," Xinbo explained. "The alliance between Australia and the US is a major constraint on the relationship between China and Australia."

TagsScience, technology, alliance, Australia