Japan climbed up the manufacturing ladder after World War Two - from tiny toy cars to Toyotas that beat Detroit. Maybe it had something to do with the fact that the country has a long tradition of craft skills.
China has a history of sharp merchants, and they venture all over east and south Asia, but less of a tradition of high respect for craft skills. It will be interesting to see how fast and how far China climbs up the ladder.
Details of my experience with a Xiangsheng 728A preamplifier are at
https://audiokarma.org/forums/index.php?threads/buyers-report-xiangsheng-728a-tube-pre-amplifier.963788