A quick googling suggests that the regions of Tianjin, Beijing, Shanghai and Jiangsu equals the economies of Slovakia, Estonia, Chile, Poland or Hungary. 

http://en.m.wikipedia.org/wiki/List_of_PRC_administrative_divisions_by_GDP_per_capita

http://en.m.wikipedia.org/wiki/List_of_OECD_countries_by_GDP_per_capita

And there is more than 100 million people living there!

Is that wealth concentrated among a select few like the USA or is it spread out?

Have not been there myself but what I heard Shanghai is a good place to be if you want to earn good money. 

...and it looks quite nice on pictures.

It seems to be poorer than the poorest US state: Mississippi

http://en.m.wikipedia.org/wiki/List_of_U.S._states_by_GDP_per_capita

All systems are going to end up bombing over there, anyway.

China's the next india.

So this is just a Rumor that has turned out to be false. So its not gonna be anywhere close to $800.

And people thought the chinese market would help reignite the industry.. The only platform able to flourish there will be mobile.

oo ho $800 and all the games ban in china wtf, how they going to do ,and sony too its dont look good

Nintendo's releasing a budget console with older games (likely Wii games), along with the Wii U i assume.

So they're the only company with an actual plan it seems.


They'll likely succeed then.

Don't worry, many rich Chinese buy overpriced goods regularly. The poor Chinese on the other hand, they have no chance.

I think there was an article that said that this price was not true