It never materialized. Perhaps it's still on the back burner. They may be planning to modify the Wii U to a console without the tablet controller and sell that over there.
That's the only way people over in the US wouldn't buy them all before the Chinese even had a chance to; a stripped down version of what we already have. Somehow the idea of a cheap, exclusive Nintendo console didn't seem quite right to me, but that makes more sense.
They had an N64 console over there years ago. Very few games were released for it. I wish I had access to find it (work internet...most stuff is blocked).
EDIT: Found it. It's called an Ique Player. It was basically the guts of an N64 inside a controller with a programmable 64MB flash card. Like the Famicom disc system, you could take it to official kiosks and download games. A lot of the big name N64 games were available.
