iPhone 3G unlocked in Hong Kong
Apple is now selling its iPhone 3G unlocked via its on-line Apple Store in Hong Kong. The 8GB model is HK$5,500 (about US$694) and 16GB is HK$6,200 (about $797). It is available since July 11th with a local Hutchison Telecommunications contract, but this is the first time that Apple has sold its device unlocked in Hong Kong.
"iPhone 3G purchased at the Apple Online Store can be activated with any wireless carrier. Simply insert the SIM from your current phone into iPhone 3G and connect to iTunes 8 to complete activation."
Unfortunately for the 1 billion mainland Chinese, the terms and conditions limit sales to those in Hong Kong only.. But the gray market usually doesn't care about t&c's.