Silverboy is right, even working at a public uni is a far better bet. I know one public uni only pays 4,000 a month, but the free apartments are excellent, any problems are fixed smoothly, and the FAO's door is always open. OK, 4k a month isn't a lot, but living costs in the place aren't high, coffee 5 rmb, beer 1-5 rmb, food also is very cheap. Do some part time work and that gig is very good, in a scenic town with friendly people.

You say you have it on good authority that many are leaving China in droves, and I am not even going to disagree with you. I myself recently left China for good, and there are far better/higher paying asian countries to go to (just not North/South Korea!).

They will only learn when they go bust!

Cheers and cold holland beers!
ZBB