I thought the question was more "why arXiv and not other journals" in which case maybe 'prestigious' Western journal publications just aren't valued as much in China?
I can't speak specifically to this topical domain, but generally speaking (assuming the research topic isn't politically sensitive) there are professional incentives to do transnational work -- whether it's publishing in Anglophone journals, organizing international conferences, etc. So probably, it's not that foreign journals are valued less. (Probably, in fact, the contrary.)
In ML (as in most of Comp Sci) conference proceedings (NeurIPS, ICML etc) are where the prestige publishing is.