There are many ATM’s in town that accept debit and credit cards, so you can just bring your home bank card with you when coming to China. Bring around 1000 yuan in cash and then your bank card. Payment to the school can be done via bank transfer or paypal so it is only pocket money you will need. Long-term students can open local bank accounts and then have their money transferred from home. Traveling with large sums of money is not encouraged.
What is the safest way to carry and exchange money?