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In Russia you have to convert 25-30% of your earnings nominated in foreign currencies (it was 50-80% in 2022, but got relaxed since then) and you do it on a somewhat open market. IIUC in China the requirement is much stricter and the exchange rate is effectively pegged against USD.

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Well when back there as a freelancer I know first hand that accepting, legalizing and keeping hard earned foreign dollars was difficult enough that I couldn't justify the effort... and this was even before the war, now that dollars cannot be even bought freely in an open market it's probably worse and more paperwork and roadblocks

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