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Thread: i m going china
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[quote=WANHU,407925]The Central Bank imposes regulations USD5k or equivalent and RMB20k (local currency) if more than that you need to declare. but so far China has never enforced this regulations, thus you can bring in as much money as you can. As I am not a businessman, just a traveller, I would bring with me not more than RMB100k. Many local banks in China impose exchange rate as well as withdrawal fee which is quite high if more than RMB1500, so usually I will bring hard cash with me. During Canton Fair, try to avoid crowded places because they are havens for pickpockets, and one thing for sure, these pickpockets are truly professionals. You may surf the inernet to get more info about taxes. I have assisted a few friends to bring back goods to their respective countries, and I am yet to be taxed. You need to worry the import duty imposes by the Indian Custom.[/quote]
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