Yes and yes...find a new job and get them on it ASAP. I almost got screwed by not having everything ready on time. In the end, it took 2 months to get my new visa, during which time I was on a temporary residence permit. You do need a release letter, assuming that you have a foreign expert's certificate, and not just a "work permit" (which does exist!).You will have to either go to HK or go home, though...and there's not much time left before the holiday. http://news.echinacities.com/detail/8562-Updated-Guidelines-for-Obtaining-a-Chinese-Visa
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