SOme stuff "MADE IN CHINA" is junk, I have experienced this first hand, and some stuff "MADE IN CHINA" is actually not that bad, for example, I bought a HITACHI compound mitre saw for $99 to replace my 20 year old DELTA that was stolen out of my garage. After using the saw on several projects so far it has been perfect right out of the box, the blade is perfectly plum and cuts perfect 45 degree angles, is smooth and sturdy, has a handle on top just to carry, it's no commercial use saw, but far better quality then expected.
For example, I had a DELTA bench top drill press "MADE IN CHINA", I got so mad at it because the bearing for the bit chuck was loose from the beginning, and would not drill a hole with out wobbling all over the place making it impossible to drill a round whole. I got so mad I threw it on the concrete and smashed it to pieces!
The term "quality" in Asia has different meaning than it does in the west. The effort that Chinese put forth to build "stuff" goes far deeper than just cheap labor and high production. I lived and worked in Taiwan R.O.C., in the city of Taichung for three months in 1992 on the AIRFORCE base, my job is classified, but what I saw in how they "build" anything for that matter gave me new understanding to why my "MADE IN TAIWAN" sockets always end up breaking, and that is the tip, of the tip of the ice berg!