💡 China Money Tips for Tourists
1. Mobile payment is king. Almost everything is paid via Alipay or WeChat Pay. Both now support linking international Visa/Mastercard. Download and set them up before you arrive.
2. Cash is still useful. Street vendors, some taxis, and small restaurants may not accept foreign cards. Carry 500-1000 CNY cash as backup.
3. Say "kuai" not "yuan". In daily life, Chinese people say 块 (kuài) instead of 元 (yuán). "十块钱" (shí kuài qián) = 10 yuan.
4. Bargaining is normal at markets. At tourist markets, start at 30-50% of the asking price. At regular shops and malls, prices are fixed.
5. Tipping is not expected. Unlike the US, tipping is not customary in China for restaurants, taxis, or hotels. Exception: high-end hotels and guided tours may appreciate it.
What is the difference between RMB and CNY?
RMB (Renminbi, 人民币 = "People's Currency") is the official name of China's currency. CNY (Chinese Yuan) is the ISO 4217 international currency code. In practice, they refer to the same money. You'll also see the symbol ¥ used. Locals say 块 (kuài) in conversation.
Can I use my credit card in China?
Major international cards (Visa, Mastercard, AmEx) work at international hotels, upscale restaurants, and large stores in major cities. However, many local shops, taxis, and small vendors do not accept foreign cards. The best approach is to link your card to Alipay or WeChat Pay, which work almost everywhere.
How much does a meal cost in China?
It varies enormously: a street food meal or noodle shop costs 15-40 CNY (~$2-5), a mid-range local restaurant is 60-150 CNY per person (~$8-20), and a nice international restaurant in Beijing/Shanghai can be 200-500 CNY (~$28-70). Western restaurants are significantly more expensive than local food.
Should I exchange money before going to China?
It's wise to exchange 500-1000 CNY at your home bank before departure for immediate expenses (taxi, first meal). After arrival, ATMs accept foreign cards for cash withdrawals, and Alipay/WeChat Pay handle most payments. Airport exchange desks have poor rates — use them only for small amounts.
Are prices negotiable in China?
At tourist markets, street stalls, and bazaars — yes, bargaining is expected and part of the fun. At shopping malls, supermarkets, restaurants, and chain stores — prices are fixed. A good rule: if there's a printed price tag or barcode, don't bargain.