Originally Posted by
jiejie
#58 @
bocastephen is right. China has really cracked down on locals sending significant cash out of the country. Definitely get it all out as soon as you can, in one fell swoop, even with wire/other transaction fees. Things are only going to get tougher in the foreseeable future.
Thanks for the tip. My relatives in Wuhan are not that financially sophisticated, but I will try. 10 years ago I suggested that they change the dollars into yuan, expecting the yuan to appreciate but they didn't.