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02-05-2013, 10:15 AM
(This post was last modified: 02-05-2013, 11:18 AM by CityFarmer.)
This was one of the cultural shocks in my earlier China experience. We used to pay in credit card and keep minimum cash, but they ONLY bring cash around. It is not uncommon for one to bring tenth of thousands RMB for mall shopping 
After years of dealing with them, I realized there were good reasons for that. "Trust" is always lacking, not only for baby powder, but almost on everything NIH (Not Invented Here)
Chinese buyers prefer to pay in cash
SHANGHAI — Mr Lin Lu remembers the day last December when a Chinese businessman showed up at the car dealership he works for in northern China and paid for a new BMW 5 Series Gran Turismo — entirely in cash.
“He drove here with two friends in a beat-up Honda,” Mr Lin recalled. “One of his friends carried about US$60,000 (S$74,000) in a big white bag, and the buyer had the rest in a heavy black backpack.”
Lugging nearly US$130,000 in cash into a dealership might sound bizarre, but it is not exactly uncommon in China, where hotel bills, jewellery purchases and even the lecture fees for visiting scholars are routinely settled with thick wads of yuan.
This is a country, after all, where home buyers make down payments with trunks filled with cash, and where big-city law firms have been known to hire armoured cars to deliver the cash needed to pay monthly salaries.
http://www.todayonline.com/chinaindia/ch...r-pay-cash
After years of dealing with them, I realized there were good reasons for that. "Trust" is always lacking, not only for baby powder, but almost on everything NIH (Not Invented Here)
Chinese buyers prefer to pay in cash
SHANGHAI — Mr Lin Lu remembers the day last December when a Chinese businessman showed up at the car dealership he works for in northern China and paid for a new BMW 5 Series Gran Turismo — entirely in cash.
“He drove here with two friends in a beat-up Honda,” Mr Lin recalled. “One of his friends carried about US$60,000 (S$74,000) in a big white bag, and the buyer had the rest in a heavy black backpack.”
Lugging nearly US$130,000 in cash into a dealership might sound bizarre, but it is not exactly uncommon in China, where hotel bills, jewellery purchases and even the lecture fees for visiting scholars are routinely settled with thick wads of yuan.
This is a country, after all, where home buyers make down payments with trunks filled with cash, and where big-city law firms have been known to hire armoured cars to deliver the cash needed to pay monthly salaries.
http://www.todayonline.com/chinaindia/ch...r-pay-cash
“夏则资皮，冬则资纱，旱则资船，水则资车” - 范蠡