ATMs usually accept foreign debit cards (they will be marked with the accepted cards) and you can select to use them in English. If you are using traveller’s cheques head to the Bank of China.
You should have no problem using it in hotels and department stores. The international credit cards that are widely accepted in China include: Visa, MasterCard, American Express, Diner’s club, and the JCB card of Japan.
We advise having some cash on you at all times for smaller needs and taxi rides.
When in China you can exchange currency in most banks and the Post office. You may find a better exchange rate before you travel so it is best to shop around.
Finding a bank is easy, in Chinese cities you will find a bank every 5-10 minute walk. Many ATM’s will also allow you to take funds directly from your home account but they will likely charge you a fee.
Never exchange your money on the street or in small shops. Avoid the Chinese “black market” for exchanging foreign currency as you may get ripped off with counterfeit bills.
The Chinese currency is the rénmínbì (RMB). The basic unit of RMB is the yuán, which is divided into 10 jiǎo, which is again divided into 10 fēn.
Colloquially, the yuán is referred to as kuài and jiǎo as máo. The fēn is of such little value that it is rarely used.