I'm going to china in June and plan to backpack and stay in hostels. I was just going to exchange a little money here in Canada and then bring Canadian travelers cheques for the rest of my money. I was just going to cash the cheques as needed like in main branches of the Bank of China or I read that hotels give good rates on money exchange. Now I'm told by a friend that the hotel won't exchange the money if I'm not a guest, and the Bank of China won't cash the travelers cheques because I don't have an account. I have a canadian passport and appropriate visa documents. Is this true? Should I just exchange my money in Canada and accept the bad rate of exchange or will I have an easy time exchanging money in China?