Reply To: Transferring Money from USD to CNY

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#41702
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Keymaster

It might be possible to keep the money in USD in the states and find a bank that allows you to make free withdrawals from here. That would allow you to keep the bulk of your money in the US in case something happens. Once you move a large amount of money into China, it will be a real hassle to move it somewhere else. People smuggling huge amounts of cash across the border out of Mainland China is a real thing because the currency is so tightly controlled here.