Residents can take more funds out of China

China will increase the funds that residents can take outside of China when they travel, the Asian Wall Street Journal reported, quoting the State Administration of Foreign Exchange website posting on Wednesday. The new rules, effective immediately, allow those traveling for less than six months to take out US$5,000, up from US$,3,000; those traveling for six months or more may take out US$8,000, up from US$5,000. The move recognizes the reasonable needs of travelers and the spending power of Chinese tourists. analysts say.