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At the age of 23, I went back for less than $1k a month with zero opportunity to take over any business. I too had a long term gf in Van but she decided to move back with me and now we're happily married with a son. I'd give myself a 1/10 in the mandarin department back then but I slowly learned and can now communicate easily with anyone in a technical manner regarding my field.
The tough road is never easy but taking risks in life (especially at your age) is what growing up and finding yourself is all about. If you feel like its a dead end right now, try something new as I don't see how this opportunity can be bad for you. If you fail, you can simply move back. Living/working in China will open your eyes to how business is done. Don't think of it as relocating for money, think of it as a relocation for a chance of a better future. You may be able to save the family business or you may not but I guarantee that you'll learn a lot and even find more opportunities that may cater more to your style while you're there.
You can chill when you're older but at least give yourself a better chance to succeed especially when an opportunity like this arises. Honestly, I'd take it in a heartbeat.
BTW, which part of China is the business in?
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