Don't know the pay rates for long haul people elsewhere but the 737NG contract is still not attractive.
Short haul in Europe you can bring US$9500 home a month easy and not have to put up with any of the hassles of a commuting contract. Flying short haul in China is probably harder work than the long haul gig anyway and they will pay you a few grand less a month for the privilege. Why would you bother? Think they will still struggle to get people unless it gets up a whole lot more.