According to A9VG's review, both PlayStation 4 and PlayStation Vita will be region-free in China. The price of PS4 is 2899RMB(467USD) and PS Vita is 1299RMB(209USD), which are to be released on January 11th in 2015.
Meanwhile, Xbox One is still region-locked in China. 4299RMB(690USD) with Kinect and 3699(594USD) without Kinect. Both of them are on sale for 3799RMB(610USD) and 3199RMB(514USD). To be mentioned, Xbox One was officially released on September 28th in 2014.
Source: A9VG review
Meanwhile, Xbox One is still region-locked in China. 4299RMB(690USD) with Kinect and 3699(594USD) without Kinect. Both of them are on sale for 3799RMB(610USD) and 3199RMB(514USD). To be mentioned, Xbox One was officially released on September 28th in 2014.
Source: A9VG review