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Nicklesbe said:
The point tho is that in China its not better priced. Grey Market will either match or be better priced. It's just as advertised in most cases since there are so many stores you can walk into off the street and buy it. It's not like you have to find some back alley dealer. The places are out in the open and everywhere. It's just as accessible if not more so.

No, it most certainly is better priced for legal availability, that isn't up for debate, the tradeoff is that the games and console are both region locked, so releasing the games cheaper there has a reduced concern for said cheaper games being exported elsewhere.

If they didn't region lock the console and games then theres nothing stopping the grey market traders from restocking with the cheaper chinese versions.