October 1st was National Day, for which we got a one-week holiday as one of China’s two Golden Weeks. But that’s over and done with, and now it’s work work work. So here’s a picture of money. It’s Mao! Because this is why all of China basically shut down for a week and why we’re all back to toiling away.
Red Maos are the 100 RMB banknote in China, and even though they’re the highest-denomination note, they’re worth less than 20 USD. Credit cards are becoming more widely used, but cash is still more widely used, especially among older people. Which is super annoying because you end up carrying a fair number of bills and it just feels oh so sketchy. Or worse, you end up stuck at the bank waiting behind a line of old ladies with stacks and stacks of bills that need to go through the counting machine. And as opposed to when I was in China three/four years ago, I have yet to encounter a fake bill! Progress!
And in related news: I’m going to be working in Shanghai for at least one more year!