The driver of a high-speed train in southern China was killed and eight people were injured when two cars derailed early Saturday after hitting a mudslide, state broadcaster CCTV reported. The accident occurred midmorning as the train was entering a tunnel in the inland southern province of Guizhou.
In the first quarter of 2020, the share of the dollar in trade between the countries fell below 50 percent for the first time.
To give an indication of the scale of the adjustment, just four years ago the greenback accounted for over 90 percent of their currency settlements. The share has dropped to 46 percent, tumbling from 75 percent in 2018. The 54 percent of non-dollar trade is made up of Chinese yuan (17 percent), the euro (30 percent), and the Russian ruble (7 percent).
All import trades from China to Turkey on Thursday were settled in renminbi for the first time under a previous agreement with PBoC, according to the Turkish central bank on Friday.
