Thanks "Genghis the Engineer" it is true the crisis will be deeper in china but the folk at ICAO said that Europe will face a pilot crisis in the next 3-5 years because of all the schools reducing activity.
I did contact airlines in China, Air China group recruiters to be exact and they said that they would gladly welcome capitans but have no use for first officers as they train their own, and the tendency in Asia at the moment is to train pilots in order to be able to promote capitans that are nationals and reduce the number of expats and thus the massive costs of expat capitans(up to 200 000 US dollars a year for each capitan).