Currency exchange is now a criminal offense!

Why are they so afraid?
The RMB is being issued in massive amounts. If it weren’t for the soaring real estate market absorbing most of the RMB, the currency would have depreciated by ten times or more.
Our total foreign exchange reserves are less than $3 trillion. If everyone goes to exchange, the equivalent RMB should be 21 trillion RMB. So, how could they possibly let you exchange freely?
Don’t think about converting back to RMB; once you convert out, it’s very hard to bring it back in. Because of all kinds of card freezes and those “warm” calls from authorities.
The digitalization and internationalization of the RMB is just to fool domestic citizens. Nobody uses it internationally; digitalization is just about saving the cost of printing money by changing numbers instead.
The economy is collapsing off a cliff, young people need jobs, foreign companies are accelerating their exit, and domestic companies simply don’t need that many people. Products can’t be sold at all. The top-level leadership is definitely holding a losing hand and has no idea how to play it.