According to All Things D, Apple has secured the regulatory approvals it needs from China to bring the iPhone 5 to the region, and this morning the company announced a release date for the phone: Dec. 14. Apple will launch the iPhone 5 after it launches the Wi-Fi versions of the iPad Mini and its fourth-generation iPad on Dec. 7
Naturally Apple wants its latest devices in the country to grow its market share because China is a rapidly growing market. According to data from IHS iSuppli, Samsung's smartphone devices represent 20 percent of the Chinese market, while Apple currently has a market share of 7.5 percent.
Ironically the people that make the devices at factories in Japan like Foxconn, probably can't afford to own them because they don't make enough money...
Source: All Things D