Currency Exchange: In China, only RMB is used. Exchange centers can be found at airports, hotels and tourist shopping centers. The rate of exchange is set by the Bank of China, which is now about US$ 1.00 = RMB 6.80
Visa, Master, American Express, Diners Club, JCB, and other credit cards are accepted in many department stores and hotels.
The Bank of China and most hotels can cash traveller cheques issued by any foreign bank or financial institution. You need to show your passport and pay commission. Traveller cheques signed over to a third party cannot be cashed in China.