| Edwin, we had the same worries, rented an apartment in Xujiahui in November and cashed 15700rmb (around $1900) in a Bank of China branch in traveller's checks to pay the rent. We were told that they gave the best rate for traveller's checks. We were also told that Shanghai people don't like to carry credit cards because if they are stolen it is a lot of trouble to stop them, but with cash, well it's gone and that's the end of it. No more trouble. Interesting perspective. Anyhow, Shanghai is probably a lot safer than most places in the US, probably because there are so many people walking around with more money than you have. |
Why Fudan University Only Accept Cash