Job Discussion Forums

Minhang Oz · Joined: 23 Apr 2003 Posts: 610 Location: Shanghai,ex Guilin

Thanks for putting that debate to bed Owen. I must admit,reading all of my FE Certificate hadn't occured to me-any other worthwhile gems in there?

MW · Joined: 03 Apr 2003 Posts: 115 Location: China

The law of China permits a 70% of rmb conversion to foreign currency.

FAO Directors may limit the amount if they wish to use some of your capacity to exchange money for their own travel etc. This was an old complaint about Delter and Bing Liang.

There is always black market exchanges so there is no need to go home with rmb in your pocketr unless you want to hold it as a momento or sell it back home as a collectors item.

Usually, your rmb salary will dissappear in China as it is more expensive to LIVE here than to exist so that you can save.

noyb · Joined: 22 Feb 2003 Posts: 93

JamesD · Posted: Sat May 03, 2003 3:57 am Post subject:

Owen · Posted: Sat May 03, 2003 5:31 am Post subject:

noyb · Joined: 22 Feb 2003 Posts: 93

China Merchants Bank is relatively new and not one of the "Big Four."

At least in Guangzhou, in China Construction Bank, ICBC and Bank of China, you have one book which holds multiple currencies. It used to be that you had a different book for each type of currency, but with CCB and ICBC it is totally impossible to do that when you open a new account now in Guangzhou. Bank of China, I think, might still give you the option.

You must withdraw your money in the same currency as deposited unless you specifically indicate that you are exchanging the foreign currency in your account to RMB.

MW · Joined: 03 Apr 2003 Posts: 115 Location: China

NYOB -

"doubtable"? Maybe to you but not to those at Delter who claim to have gone through the experience.

noyb · Joined: 22 Feb 2003 Posts: 93

MW · Joined: 03 Apr 2003 Posts: 115 Location: China

NYOB -

In the law profession they say if the facts are against you, argue the law. If the law is against you, argue the facts. If the facts and the law are against you, insult your opponent.

When you reduce your argument to personal insults you demean yourself.

I was at Delter Wuhan during the "bad" old days and have personal knowledge of what transpired there so please do not try to belittle my personal knowledge with your childish insults.

As to wether or not pigs could fly if they had wings, such a discussion is beneath both of us.

MW · Joined: 03 Apr 2003 Posts: 115 Location: China

NOYB -

In the law profession they say if the facts are against you, argue the law. If the law is against you, argue the facts. If the facts and the law are against you, insult your opponent.

When you reduce your argument to personal insults you demean yourself.

I was at Delter Wuhan during the "bad" old days and have personal knowledge of what transpired there so please do not try to belittle my personal knowledge with your childish insults.

As to wether or not pigs could fly if they had wings, such a discussion is beneath both of us.

I accept your criticism of my poor typing!

noyb · Joined: 22 Feb 2003 Posts: 93

You have presented neither facts nor law.

Citing one supposed example of an FAO somehow taking advantage of a foreign teacher on currency exchange policy in no way, following long established rules of logic, has applications to what transpires at the *thousands* of other FAOs throughout the country.

In addition, the fact that many of the thousands of other FAOs in China are totally unrelated to those foreign experts who are ESL teachers further erodes your implications.