Blog Tag - Money

Meet the Man Hunting for Beijing's Souvenir Coins
Beijing has a great many historic sites of significance, places that have stood the test of time and, even amid epidemics and pandemics, still...
Why are Young Beijingers in debt?
The financial burdens facing young Beijingers today are staggering to look at on paper. Statistics show that in 2021, young people under the age of...
What we now know about China’s Digital Currency
With the digital RMB, also known as the e-yuan, on track for official release in time for the 2022 Olympics, Beijingers should be prepared for the...
Hey There Big Spender! Beijing Number One in Average Monthly Salary
The Beijing government released fall employment data this week, revealing that Beijingers, on average, earn the most of any workers in China. At RMB...
Beijing to Roll Out New Blockchain System for Fapiao
Beijing’s invoice system is about to get the blockchain treatment, according to an announcement by the city’s Municipal Tax Service (BMTS). The pilot...
First Alipay, Now WeChat: China’s Mobile Payment Systems Welcome International Cards
China’s mobile payment platforms are getting a major upgrade. According to reports from Tencent earlier this week, users will now be able to link...
Good Fortunes: Meet the 8 Richest Foreigners in China
Out of the top eight richest foreigners in China, three reside right here in Beijing according the newly released Hurun China Rich List 2019. A total...
Has Your WeChat Pay Stopped Working? Here’s What To Do
Beijing-based expats have reported that a new level of verification on WeChat is blocking their transactions. The notification, which appears to have...
Chinese New Year Hongbao and Gift-Giving Etiquette
One Chinese tradition that you have to grasp quickly as a foreigner, is the concept of the Chinese red envelope. Whether you’re in China for business...
3 Simple Steps to Calculate Your New Salary Income Tax in China
As of Oct 1, 2018, the new level of non-taxable income for foreigners is RMB 5,000 as opposed to the previous rate of RMB 4,800 (fixed for all salary...
Stat: RMB 550 Billion Expected to be Spent Domestically Over October National Holiday
It's Friday, Sep 29, meaning that as of this evening, most of us will officially be on holiday. But did you budget sufficiently? RMB 550 billion is...
The True Cost of Moving to Beijing As a Family
I remember when I made the decision together with my husband to move to China. We were living in London, and our living costs were blowing through...
WeChat Wallet: Tips on Protecting Your Money
Online or offline payments have been made super convenient for most of us that have WeChat Wallet. The risk of online payment is that hackers can...
Fifth Generation Renminbi Notes Announced, Issued This November
This November, new RMB 100 bills will come into circulation with an improved design in order to fight fraud and the shocking amount of fake money in...
Yes, Foreigners Can Use Alipay (Here's How)
My trials with Chinese online payment methods are well-documented on our sister site beijingkids, from using Taobao to setting up WeChat Wallet....