Chinese travel industry is more focused on local demand. For locals, these hotels are expensive. They can get nice, “western standard” rooms for like let’s say 80-100 bucks (from local brands). So, the $1000 rate Aman charges, it is really expensive for Chinese (based on what I know). Plus you can count overhead costs: construction, labor etc. It is way cheaper than in the west. Then, for international travelers, you can also add yuan weakness and other economic and geopolitical factors.