1. Roommate wanted
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2. North
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3. South
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4. Money

5. Renminbi "Renminbi" = RMB means “money of the people“ Unit : yuan (元)
North: West Lake in Hangzhou
"Renminbi" = RMB means “money of the people“
Unit : yuan (元)
CNY, ￥
1 EUR = 7,6 yuan
10 yuan = 1,3 EUR
100 yuan = 13 EUR
South: Li river in Guilin
N+S: Great Hall of the People in Beijing
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6. The price is right / Duō shǎo qián？
Excellent Xi’an noodles! in 2016
12 RMB (Shí'èr yuan) = 1,6 EUR
A quick delicious bite is normally around 20 RMB
???
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7. The price is right / Duō shǎo qián？
Pixiu the most popular (constipated) dragon with a diet of gold, silver and jewels. Wooden 15 cm (represents wealth and good fortune)
100 RMB (yi bai yuan) = 13 EUR
If you are not the best negotiator
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8. The price is right / Duō shǎo qián？
33 RMB (Sānshísān yuan) = 4,4 EUR
But why would you eat a German sausage in China?
???
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9. The price is right / Duō shǎo qián？
Some “students” want to exercise their English at the Bund of Shanghai over a cup of coffee.
CAN BE VERY EXPENSIVE! China is supersafe but in each city of the world (even Louvain) you have hustlers.
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10. Show me the money? Order via some Belgian banks
Order plenty beforehand!
Exchange at Brussels airport – Travelex
Online!
At least 5 days beforehand
Cash EUR in a Chinese bank
Fees + Fill in forms => Cumbersome in a larger group
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11. Show me the money?
In the larger cities, you’ll find no significant problems in using a credit card
Outside of big cities, however, you’ll have trouble finding ATMs and businesses that accept credit cards. Outside of major cities, China is still largely a cash-based economy.
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12. Show me the money? VISA, MasterCard at an ATM
Handling fees. Depends on your contract / bank.
It is better to get plenty of cash in a limited amount of times. E.g. 2 times
Bancontact – Maestro
Often works at an ATM
Handling fees
ALLOW BEFOREHAND via banking APP, PC BANKING over this period
Often handling fees for each transaction
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13. Example fee’s KBC
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14. Settings bank card
FORTIS via APP (you can also call or visit your local bank office)
openstellen-voor-gebruik-buiten-europa-mogelijk-via-de-easy-banking-app-956
Banking/Betalen/Betalen-buiten-Europa?axes4=priv
KBC
ING
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15. Counterfeit Fake bills Try to pay as closely to the amount as possible
Don’t change money on the street
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16. What to remember
Make sure you activated your bank card for outside the EU.
You can get money out of an ATM
Withdraw plenty at once e.g to 1500 RMB (= 130 EUR to 195 EUR)
There will always be some fees. Don’t stress in the end these fees are acceptable.
If desired you can go splitwise
Small expenses (e.g. food) generally always cash
Try to pay as close to the requested amount as possible
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17. How much?
China offers great food for a small budget 2 week ‘food in Belgium’ > 2 weeks ‘food in China’
Souvenirs
Equivalent EUR ≈ 2000 RMB
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18. In China …
A joint “pot” lunching/dining with the entire group Assumption: 2 times first contribution 500 RMB second time tbd
Individual snacks, lunch in smaller groups
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19. And how do they pay in China
Mobile! Ali Pay and We Chat
Not possible for foreigners!
FYI: WeChat = Chinese Whatsapp + extra’s; more info later
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20. More info
zen/china
Your local or online bank office
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