2) is about how inaccurate the value appears to be (by an order of magnitude) (0.1 Bitcoin sold in China has a valuation of $400-ish)
I see .1 Bitcoin sold in China holding a valuation currently of $276.2
That works out correctly for the current exchange rate of 1 BTC to $2762 Yuan.
Not everyone wants the dollar perspective, each currency is listed as their own.