Years from the City of Hengyang

It had been great experience growing up in Hengyang, a city in the southeast part of China’s Hunan provide. Having spent all my childhood and early adulthood of my life in this city, I am used to every expects of the city. Its food, especially the unique rice noodle with ribs soup, are my favorite food. Its weather, especially the humid summer, is now only in my memory, its people, especially the energetic dialect, is still felt intimate.

dlzs20060103-4-l

The city was of great importance before 1950s. Being one of the only two railway transportation hub, Hengyang has developed into a regional economic center, and has become the first group of “trial cities” of China’s economic reform in 1970s, along with Shenzhen now has already become well known worldwide. When the cities around, like Zhuzhou, Xiangtan develop themselves in a faster speed, Hengyang has almost been forgotten. From Childhood until I left the city in 2011, it didn’t change much. But just after I left, its development accelerated.

u=893422305,944732321&fm=21&gp=0

I believe China’s high speed railway bas brought the city a new chance to cope up with the booming economy of the country. The city expanded  to almost twice of its original size, and gives me a new appearance every time I come back. The roads now are cleaner and wider, the buildings are newer and taller, and the people are putting up more fashionable clothes.

Economic development is always a double sword. The city has lost much of its charming characteristics. Now you see almost none of the city’s once thriving thatched houses, the modern construction along the river has also almost made it impossible to swim.But that’s how it works. I am looking forward to the new look of the city, wherever I live or go.

How to transfer money to Your US Bank Account From China.

transfer money to Your US Bank Account From China  ?

From foreigners working in China, you may want to sometimes send your earnings here back to your bank account in the US in order to pay off your bills there. Of course you can always go to almost any branch of any bank in China to wire your money back to your account, however the fee is a lot. Banks in China charges a fee for international money transfer, and your bank in the US typically charge you again for receiving a wire usually about 16-20 USD. To avoid the fee and as well to move your money more efficiently, I figured out a solution myself. That is, bank draft + mobile check deposit.

First, you need to by a bank draft from a bank in China. A bank draft is a check written by the bank and pay to your appointed receipient. This method is very commonly used for international transections. In
this case, you pay the bank to write you a check under the bank’s name. For example, for China construction bank, the fee for buying a bank draft is 0.1% of the amount. IMG_1055IMG_1057

Second, enable your mobile banking with your US bank account and download the apps from the appstores respectively. Write done “For Deposit Only” at the bank of the bank draft you have just brought in the first step. Open the bank app and deposit the bank draft in the check deposit section. IMG_1056

Third, wait for the bank to process the request. Usually it will take one business day for your deposted amount to be availabe in your US bank account.

In this way, you saved the incoming wire receiving fee, and a lot of other fees charged by the Chinese banks.

One more thing, currently, foriegners are not allowed to buy USD with RMB exceeds the limit of 500 USD. If you have legal income in China, you need to go to the HR to have them write you a letter indicating your income and tax payment,before you can actually buy USD with your RMB earned in China.