Don't give up yet
The fuel costs mentioned here are nothing like the fuel crisis of the 70s. The automotive and combustion engine industries are barely recognisable from what they were 10/15 years ago, the aviation industry will and is following suit in terms of focus on economy, efficiency and profitability.
The Chinese economy is slowing, yes, but only now that it is the second largest in the world, and is due to pass the US in the next decade, so no surprise it's slowing,
We will continue to need pilots as much as the mechanics and doctors mentioned in a previous post. Western companies are investing millions of dollars in China and India on a weekly basis. These companies spend thousands of dollars every month flying their people to/from China and India, and products will continue to pour out of these countries too.
The fat lady hasn’t even got dressed, let alone drawn breath to start her song.