I would. Not Beijing though. Some good places to live in China if you can deal with the language barrier, less likely to be pickpocketed/robbed/shot or importuned by labour union demonstrations and the latest human right activists fad than in similarly posh areas of the european cities I know. Probably more likely to be driven over by a car if you insist on riding a bike though, which most westerners do. But better have earnings in consequences, especially if you want to consume western goods and education, like drive the Tesla you mentioned (although tesla claims not to increase its margin for cars in China, in contrary to other imported car brands). Life in tier 1 chinese cities is quite expensive then, most very pleasant european and american cities will come out cheaper even after incorporating taxes on a moderately high income.
It's not a simple matter to get a residence permit in China though, and definetely not a very popular place for western tax exiles, which makes it even less atractive for those who consider it - it looks much more fun for overseas chinese who come back.
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