Foreign currency exchange service in China has covered all major international airports, four-star and above hotels, major tourist attractions, resorts and shopping streets across the country, according to the People's Bank of China.
According to the central bank, inbound tourists can exchange for Chinese renminbi (RMB) at more than 67,000 bank branches, 4,200 foreign exchange facilities and 320,000 ATMs across the country.
Currency exchange machines are installed in the lobbies of many hotels. Visitors only need to scan their passports and insert foreign currency notes to be exchanged into RMB according to the exchange rate of the day.
Many banks have simplified the process for foreigners with passports and other valid documents to open accounts in China. Cristine, a tourist from Germany, said this makes it more convenient for her to travel around the country.
"I think, today, we have diversity of payments that we can choose. You can use WeChat, Alipay. You can use your own card: credit card, debit card, or cash. You can choose which one you like best," she said.
China expands foreign cash exchange service across the country
The 26th China Mining Conference and Exhibition opened in north China's Tianjin Municipality on Tuesday, with the goal of promoting international cooperation in the mining sector for win-win outcomes. The four-day event, themed "Promoting Mining Cooperation for a Better Future," is expected to attract nearly 400 exhibitors from over 30 countries and regions. Over 23 forums and 12 product and brand promotion sessions are set to be held during the event. After years' development, the event has become a platform for global mining industry to hold dialogs and seek investment and business opportunities.
"China is a major mining producer, importer, processor and consumer. This is determined by the country's economic structure, which features domestic trade foreign trade," said Che Changbo, Secretary of China Mining Association. The global mining industry is increasingly shifting its focus toward the new energy sector, with demand for key materials like bronze, lithium, nickel and cobalt expected to quadruple over the next 20 years.
"China has taken a leading role in solar energy development, which raises the bar for new energy storage batteries. We are now accelerating the development of new energy storage batteries and new energy vehicles, which will not only affect the vehicle industry, but more importantly, the future energy," said Che.
On Monday, reports on China's mineral resources and global mining development were released, which suggest that artificial intelligence, big data, satellite and remote sensing and the Internet of Things technologies could be applied into the mining industry to help conserve resources and achieve sustainability.
China's mining conference, exhibition opens in Tianjin
