Assuming they can maintain a decent level of Mandarin through the years - which requires a significant amount of dedication - it would probably be better for them to major in something other than Chinese/Asian studies. International relations is good, but I feel even more opportunities would be available to them with business or tech skills. A minor in Chinese would be good, but if they're already fluent by that time, maybe I'd replace it with something else. You won't learn too much beyond the elementary stuff with a minor in Chinese.
I don't believe there are any programs (that I know of) catered towards fluent Mandarin speakers. Even international students from China are required to use English in their classes. It's cool you've introduced them to the language at an early age, but I honestly think it's way too early for any other type of planning or advising outside of trying to keep them interested in the language/culture.
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