What kind of industry are you looking at? I'm an American Chinese guy who just started working in Beijing two years ago, in the IT industry (Business Intelligence).
Let me just say that being a foreigner who speaks English natively is not going as big an advantage as it used to be, unless you really want to teach English. You will be competing with locals for jobs, and Chinese people are natural born hustlers. Lack of Chinese speaking ability is probably going to hurt you more than native English speaking skills will help, so you will probably only be able to find some niche companies who only deal with foreign MNC's.
Otherwise, the job market in China is great right now. It's a developing country, so you will have tons of opportunities at every corner if you know how to network and market yourself. The pay is lower than in the US (remember what I said above, you are competing with locals. It's not like 15 or even 10 years ago when every foreigner in China was an older gent in a high level C-level or VP level position, right now there are loads of younger guys like me flooding into China looking for work), but taxes and basic cost of living is lower.
Hot industries right now would be marketing, social/digital media, and anything related to data and analytics. Automotive is also really hot in China right now but it will probably start dying down soon due to government regulation and far too much traffic.
And from a SF member perspective, China really sucks for shopping. I wait to go to the US to do almost all my shopping. The only good things I can get in Beijing are cheap MTM shirts for like $15 a piece and MTM handmade shoes for around $150-200. The shoes are of good construction but they use lower quality leather than entry level Allan Edmonds for instance, and higher quality materials aren't available. The MTM suits you see in the foreigner areas are of pretty poor quality so I wouldn't bother. Brand name stuff is a lot more expensive in China than in the USA, and even worse since salaries are lower. Plus it's hard to find more quality brands, since everyone here believes that if you pay a lot of money, you should get a big designer label as well.