TravelJunkyQC, Freedomin5, bobechs, lhamo:
Thanks for taking the time to give some good insight into this issue! I very much appreciate it, especially some of the very specific information provided. I've shared some of the points with my nephew (spoke with him last night), and I'll send on to him some more of the specifics for him to read himself. The internship point is one he really took to heart, as he has heard that from other sources as well. He's smart and is asking several adults for advice, including his dad's fraternity brothers (one of whom just might be able to get him hooked up with an internship, which would be great).
Fyi, he told me that he's not particularly looking to work in China itself although wouldn't turn it down if offered. At this point, due to some of the constraints of his University, he is leaning towards keeping the Asian Language/Culture major (concentration in Chinese) and making his minor Economics (pulling it up to a major if he loves it/has the time before graduation/is doing well grade-wise in those courses).
Thanks again!