you can renew your passport, and let them know, you are applying for a three years work permit (will be valid to 2012) and your passport is being expired in 2010.3 M5 u9 `5 P: k3 v5 \4 g/ }
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They will accepte this situation. Please be advised that Chinese Consulate General does not extend your passport, and they ONLY issue you a new one. It usually takes a month.