No not exactly.300 million much wealthier people, only around 15% of China's population has the purchasing power that's closer to Western Europe, Canada, USA and Japan, S. Korea when it comes to buying technology. Most of the handhelds Huwaii sells in China are very budget models, which means your lucky if your making $5-10 per handset, then you have Apple selling millions of devices in the USA and Europe and making well over $100 per device (even the budget models. Losing out on the US market for electronics is a huge hit to Huwaii, Apple losing out on China hurts but also leaves the USA market even more open for them.
EU, Japan, South Korea is highly advanced. No one disputes that. They are benchmark of quality.
However I like the way you threw USA in the bunch. USA doesn't come even remotely close to EU, let alone Japan, SK in quality of life style & other staffs. It's basically combo of 2-3 shiny cities in New York & others are south sudan type, & ghettos where people live by trash can.