Some people had crazy optimism about the opening up of China's console market. Having family in China, it was pretty obvious to me how this would go down. Grey imports are big in China and have been for ages, they are also much cheaper. So anyone who wanted a PS4 or XB1 when they were released could have got one. Plus, PC and mobile is KING over there, in a country with rampart piracy PC is the perfect platform.
People talking about poverty are forgetting how massive their population is and the level of income inequality. Go to a place like Shanghai where every 3-4 non-taxi car is a Merc or BMW or Maserati and count the number of Prada and Louis Vuitton stores there are, there is tens of millions of quite wealthy Chinese people who would easily have the income to buy consoles if they wanted to.