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Old Oct 25, 2023 | 12:11 am
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travelinmanS
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Originally Posted by Palal
You can only take 5K USD out of China without declaring it.

Any individual can transfer up to $50k out of China per year. Wire fees vary by bank.
For US Banks, some don't charge wire fees if you have some amount of $$ (e.g. BofA preferred program).
Foreigners cannot transfer out the 50K per year unless they have tax receipts for that money. They can transfer out whatever amount of money they have paid tax on regardless of how much or how little it is. Chinese citizens can transfer 50K a year no questions asked.
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