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VX,
Do you know if abortion is legal in China?
Would abortion have been a better option?

Abortion is legal in China. As far as I can figure out, the idea is to have the babies for the sole purpose of selling them. I wouldn't call that an easy way to make money, but apparently they use the assets they have available.

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Who's buying Chinese Babies?
There's no way for me to find that out. I suspect its partly an illegal trade for foreign adoptions, mainly to the west. Since it is no longer considered unethical to have inter-racial adoptions, although some states and some countries may have a different attitude about it. But girl babies are cheaper and less valuable than boy babies, so the trade is mainly in girls.