That would be very cool, but I'm a college student in the United States, so not much chance of me going there.:(
EDIT: I also don't know a lick of French.
Yes, it is a 2-crew aircraft. Avweb says it's unclear which crewmember punched out.
http://www.avweb.com/avwebflash/news/JetCrashesAtAirShowInChinaOneKilled_205579-1.html
My condolences to the families.
http://www.avweb.com/avwebflash/news/p51_mustang_galloping_ghost_crash_reno_leeward_205384-1.html
http://www.avweb.com/avwebflash/news/Trim_Tab_Missing_Crash_Plane_205385-1.html
EDIT: Just found another video.
That pullup+that speed+older pilot=likely G-Loc.