Like other countries LG G5 will hit China market too but with different model number such as LG H848 or aka LG G5 Lite. Well official name of the device is LG G5 but it comes with reduced specifications.
According to a wesbite the major difference will be processing power of the smartphone such as new phone will be powered by Snapdragon 652 as compare to Snapdragon 820. It is basically a solid chipset with four A53 cores and four Cortex-A72, but Adreno 510 has more powerful to drive the 5.3 inch QHD screen. Whereas, the Adreno 530 is one of the most influential mobile GPUs right now.
The RAM is also decreased from 4GB to 3GB, 4GB is used in basic version of LG G5. The same version of the device was sent to Latin America which was justified as a cost-cutting measure, and therefore we can guess that reason for dispatching Snapdragon 652 based version to China is similar to Latin America. In China you can get a metal device for the low price Westerns can only wish for. The price of the smartphone will be set according to its specifications.
Anyhow, the LG H848 has a dual 16MP narrow and 8MP wide camera with modular and trendy design. The device runs Android 6.0 Marshmallow and 32GB storage comes in the smartphone. The Snapdragon 652 chipset is competent of capturing 2160p video which was a problem with earlier 6-series mobiles. We expect that all other features will remain same as basic version possess.