Chapter 1878 The Trend of Studying Abroad at One’s Own Expense

In the past few years, the country was very cautious about studying abroad, and the review was very strict.

But Mr. Xiao, Mr. Yun and others saw that overseas Chinese such as Yin Jun had such a great role and contribution to the construction of the country, and they also hoped that more people would go out to have a try and learn true things abroad. knowledge, and serve the motherland after achieving success.

In addition, the old scientists who gave up the favorable conditions and resolutely returned to China in the 1950s and 1960s have aged. If we do not actively cultivate talents, there will be a huge gap in China's scientific and technological development.

It is also the dream of these old men to let more outstanding talents go out, like the three old men like Qian, to master the world's top technologies and then come back to take over.

Of course, they don't expect everyone who has gone to come back.

In the words of Mr. Yun, "Even if ten people go out and one comes back, it's still good."

This also proves that they have long known the gap between domestic and foreign countries and are not so unrealistic.

It is indeed true that of those who go out, less than one out of ten comes back.

Even if they wash dishes in the United States, their salary is ten times higher than in China. And then there is such a prosperous world and modern life enjoyment. Really few people can refuse these and return to China. .

Thirty years later, the situation was exactly the opposite.

Urban construction in foreign countries has been stagnant since the 1980s. On the contrary, urban construction in China is changing with each passing day and is developing much better than abroad.

Various express delivery, takeout, online commerce, mobile phone applications, etc. are dozens of places ahead of other countries.

Therefore, nine out of ten people who go to study abroad will come back.

Because I am not used to such a desolate and deserted environment in foreign countries! and all kinds of inconveniences in life.

Even if they are not children of wealthy families, most people are accustomed to returning to China to find jobs after studying abroad.

Come back to the present.

No matter what the big guys above thought, people all over the country immediately became excited when they heard the news.

Why?

Because going abroad in this era means changing your destiny and having a better future!

Look at those people abroad. They earn US dollars, and their wages are dozens or hundreds of times higher than at home. They eat meat every day and have everything. How wonderful is that?

Especially those who have made a little money and have some assets in the past few years are of course willing to send their children to study abroad for the sake of their children's future development and happiness.

We have worked hard all our lives and have no knowledge. Now that our children finally have a chance, it is really hard for them to fight!

There are also many poor families who, in the name of studying abroad, actually work hard with a study visa so that they can send money back home to build a house and save money to marry themselves.

All in all, the craze for going abroad suddenly surged across the country.

But there's a problem.

In addition to the visa issue, money spent abroad is also the biggest problem.

In the past few days, well-informed people have gone to inquire. Although the policy of self-financed study abroad has been relaxed, the money exchange is still the same as before.

After getting your passport, go to the bank and exchange your passport for 60 US dollars, which is not a penny more.

This is completely different from the era when more than ten years later, you can use your passport to directly exchange for 2,000 U.S. dollars when traveling; or more than 20 years later, you can exchange as much U.S. dollars as you want without needing a passport.

Even if you have never been abroad and have little experience, you still know that 60 US dollars is completely insufficient.

What do you think you can do with 60 US dollars?

Needless to say, studying abroad requires more money, so that children can study seriously and live up to their parents' expectations without worrying about food, clothing, and housing.

The same goes for part-time work.

Are you sure that you can find a job as soon as you go and have a stable job?

What if I don’t have any life-saving money?

So in order to send the children out, no matter they were working, they went everywhere to find people to exchange US dollars.

The official exchange rate of the U.S. dollar is 3:1, and you can only exchange 3 yuan of foreign exchange coupons for 1 U.S. dollar, not directly exchange for RMB.

It is actually illegal for foreigners to use RMB directly in China.

But in actual practice, many places that are not so high-end can also accept RMB from foreigners. Of course, it is impossible for the regulatory authorities to arrest people directly - the people who use the money are embassy and consulate personnel and their families, as well as foreign-funded companies. Staff, can you take someone to jail?

Foreigners are not fools. The official exchange rate of 3:1 is more than double the exchange rate of 6.3:1 offered by scalpers in the alleys behind several big banks!

Therefore, unless it is very necessary, they usually just ask scalpers to exchange money.

If a private person exchanges US dollars for RMB, it will still be the official exchange rate of 3:1, and then 1 US dollar will give you 3 yuan of RMB.

You want to go the other way and exchange 3 yuan for 1 US dollar... Haha, I'm sorry, it's impossible.

Therefore, if you want to exchange U.S. dollars through normal channels, it is impossible.

Not to mention Chinese, even if you are a foreigner and want to exchange U.S. dollars in China, you can only say "I'm sorry."

Even if you want to exchange Japanese yen for US dollars, you can't. You can only exchange Japanese yen for RMB.

After all, in this era, mainland China has very few foreign exchange reserves.

Too little.

Although it is not like around 1978, when the country's foreign exchange reserves were 2 billion U.S. dollars, after about 7 years, China's foreign exchange reserves will not exceed 10 billion U.S. dollars.

Of course, it’s not like we only have so much saved until now.

Instead, they spend a lot of money every year to buy various advanced instruments and various materials and supplies abroad.

Spending money makes the country feel bad, so even if you sell various things every year, you can earn a lot of money, but you definitely don't dare to spend a penny randomly.

In this case, how could the country let you personally exchange U.S. dollars?

It's now 1985, but even 1995 won't work.

That is to say, after 2000, this gap was gradually opened up.

After all, the country's foreign exchange reserves reached more than 1.5 trillion US dollars at that time. By 2010, they exceeded 2 trillion US dollars. In 2014, they exceeded 3 trillion US dollars for the first time!

If it hadn’t been for tens of billions or hundreds of billions of dollars being dumped every now and then, the foreign exchange reserves would have exceeded 4 trillion US dollars as early as 2018.

By that time, people's daily travel and other foreign exchange needs will not be a problem at all.

Many foreign trade units, such as oil plants, mines, cultural relics and antiques, handicraft exports, tea and silk exports, etc., of course, most of their income is US dollars.

But don’t worry about this money. Every penny is recorded, and it’s guaranteed to be turned over to the state. You won’t be able to use it at work.

Anyone who dares to use it will be taken directly to jail. It doesn’t matter who you are.

If there are no severe measures, as long as there is a slight laxity, all these foreign exchanges will not be collected at all.

However, it is usually not that serious.

Because when these foreign exchanges are remitted, they go through China's major commercial banks.

Most units and companies do not need to withdraw this money from banks and hand it over to the state. Instead, the foreign exchange bureau directly intercepts it here, and you can't even see it.

After the foreign exchange is intercepted, they will give various subsidies and feedback to your unit in proportion.

Although it is currently allocated by the state to deal with production and life, usually the more units that earn foreign exchange, the better the benefits and the more funds they receive.

For example, Shangmei Factory.

Every year they cooperate with Qilin Culture, every penny they earn is Hong Kong dollars, from 10 million Hong Kong dollars to 30 million Hong Kong dollars, and then to 120 million Hong Kong dollars last year. This is all foreign exchange!

In the eyes of the people above, only foreign exchange is money, and the rest of the RMB is nothing.

The most valuable and precious currency in foreign exchange is of course the U.S. dollar, followed by the Japanese yen, then the British pound and the German mark.

But Hong Kong dollars are equivalent to U.S. dollars, because they exist based on the fact that the issuing bank issues 7.8 Hong Kong dollars for every U.S. dollar deposited. Any bank you get can give you such a fixed exchange for U.S. dollars.

In addition, several giant state-owned enterprises in China have companies in Hong Kong. They rely on Xiangjiang as a transit station to buy a lot of things back home, so the Hong Kong dollar is also very useful.

It is precisely because of this that Shangmei Factory's foreign exchange creation has been highly appreciated.

The amount of funds allocated to them by their superior units is strictly based on what they earn, unlike other general foreign exchange-earning companies that return them based on a certain percentage.

In the past few years, Shangmei Factory's good treatment, various wages, bonuses, and housing are all top-notch in Shanghai, which is why it comes from this.

Therefore, even these factories and units that are great at generating foreign exchange actually have no foreign exchange in their hands.

At least there is not a large amount of foreign exchange. People who want to exchange foreign exchange cannot rely on them at all.

If you want to exchange for a large amount of foreign exchange, you can only go to those scalpers.

Yellow cattle have always had great powers.

Not only can they exchange foreign exchange for foreign exchange from foreigners coming to China, but they can also exchange for foreign exchange from various channels.

Otherwise, do you think that with the little US dollars in the hands of foreigners who come to work and travel, they can meet so many public and private needs in the country?

Stop being so naive!

In fact, this part of the US dollar is not enough to account for one-tenth of the US dollar in circulation.

When Wei Xiaofan returned to the mainland in 1980, he handed over millions of Hong Kong dollars to scalpers and exchanged them for RMB.

The same was true for Li Lianjie's millions of Hong Kong dollars in the past two years.

The same is true for Wang Gang, who returned to the mainland to develop his career this year with tens of millions of Hong Kong dollars.

Thousands of people in Hong Kong have provided a large amount of Hong Kong dollars to scalpers.

It is very simple to have Hong Kong dollars. You can exchange them directly for US dollars in Hong Kong.

Or there is no need to exchange it. When you go to developed countries abroad, whether it is Citi, Morgan, Mitsui, or Royal Bank of Scotland, you can directly exchange it for US dollars.

Now that self-financed study abroad is fully liberalized, the good days for scalpers are coming!