There are rumors of a deal for China Mobile to handle the new iPhone in China, but here's a post putting the iPhone in Hong Kong at a very reasonable USD24/month:

Some comparisons (all expressed in U.S. dollars for the equivalent of a 2-year contract):
* Hutchison in Hong Kong: $955 (500MB voice and data) to $1,532 (unlimited voice and data)
* O2 (TEF) in the U.K.: $1,698 (75 minutes, unlimited data) to $3,588 (3000 min., unlimited data)
* AT&T (T) in the U.S.: $1,879 (450 min., unlimited data) to $3,318 (unlimited voice and data)
* T-Mobile (DT) in Germany: $1,366 (500MB data) to $3,374 (5GB data)
* Rogers (RCI) in Canada: $1,624 (150 min., 400 MB data) to $2,932 (800 min., 2GB data)

Apple's first direct-operated retail outlet in China is aimed at the Sanlitun area and should open soon.

Sanlitun has outlived rumors of its demise. Eleven years ago I wrote an article for a Beijing magazine about the impending closure of Sanlitun because local residents couldn't handle the noise caused by all the pubs, restaurants, and clothing stalls. Sanlitun's bars, at that point, were going to be moved to Chaoyang Park's south gate, and a few bars did move. A fellow named Richard, who had returned to China after staying in London a few years, opened the first bar at Chaoyang Park called "The Slowboat" — he had imported real English grass to create an authentic feel of England in back of his pub. The name of the bar was apt, as few quality F&B outlets moved with him to Chaoyang Park. So Sanlitun continued to grow, and more rumors always surfaced about its demise, until in recent years the outdoor clothing markets were placed inside a nearby building, the south road of Sanlitun's bar street was finally demolished, and many bars did move to nearby areas.

So now Sanlitun has some of the old bars, but it has elevated (devolved??) into more of a shopping area — the wife of one of my colleagues at BDL Media even opened a small boutique in one of the Sanlitun malls — that has the PCCW, Nokia, and IBM buildings at the fringes. The area is close to some of the new transportation links coming online, near many embassies, and has been a second home to many expats and Beijing citizens over the years.