The Chinese currency is the Yuan Renminbi, and it is referred to as Yuan, CNY, or RMB (Renminbi). It is the only currency that can be used to purchase local items. In general, people in China do not use checks. Most payments, including payrolls, are done through bank transfer. Therefore, you will need to open a bank account before you get paid. Fortunately, this will likely be one of the easiest things you do in China.