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Agree with OP:
1. Logically Xbox one grey market is a lot cheaper then the official one, and no region code.
2. Xbox One already available on China since launched, so it definitely not a surprise for the consumer
3.PlayStation is far more popular on Asia and Chinese people, even tho Chinese Government is on conflict with Japanese Gov, grey market is not affected by any means.
4.Cultural speaking, Chinese is Asians and more close to Japanese on genre favoritism, so Xbox One games brand image is closer to PC and they prefers PC over Xbox one if they want to choose, and choose PlayStation if they want console.
5. There GDP is still smaller then the US, so most of consumer in China will wait for the pirated copy or wait the console to be pirated.