Which reminds me of my times in the BassTalk forum in late 2000s where an American bassist showed a photo of ten US$150 Chinese basses, each in different colour, all placed on a sofa. He claimed the Chinese bass was better than a Fender Precision
You never know, right? Before the tariffs, I bought a lot of Chinese wristwatches-- including some chronographs with ST19 mechanical movements. These are widely reviled among snobby horologists (I hang out with the 'affordables' crew!) and spoken of as 'disposable.' They cost between $150-$350, and some are water resistant to 100 meters.
In all my years of collecting, and buying maybe 15 Chinese watches, I've only had two problems: One gasket issue (water ingress, full refund under warranty) and, more interestingly, some kind of subtle balance-wheel issue on an ST19 chronograph. Rather than replace the entire movement, I sent it back to China,
and they repaired it, again, under warranty, though I took a bath on the shipping. The watchmakers spoke almost no English, but what service! Carefully asked the symptoms of the problem, described the fix, returned the watch, and it runs now at about +2 SPD, within chronometer spec, better than my friends' Rolexes and Omegas. The fit and finish are not at Omega level, but the QC and attention to detail is better than Seiko.
I did not WANT, particularly, to buy products from China, and I generally don't if I can avoid it. (I'd rather buy US, or from a traditional US ally.) But the craftsmanship and service just won me over for watches; they just got rave reviews. I'm sure some will hold their value well, and others will tank-- you don't get into the hobby to make money, but it's nice not to loose too much!
With guitars, we have a really, really bizarre situation. My daily driver that I gig and travel with is Korean, designed by a guy in the South Bay who sources all the parts. The neck had some problems-- fret sprout-- but we fixed it, and conventional wisdom is that if it's good after the first five years or so, it will stay good thereafter, barring drops, full immersion in water, or other calamities. His tech-- a lunatic who lives out in the desert in a trailer-- did the work for me, and said, "Read the Gibson forums. You'll hear a lot of people complaining about fret sprout." And wow, he was right! I don't know how I'd feel about buying a big brand name guitar now. At least with my middle-class-boutique guitar, I know my guy in the South Bay will take care of me; it cost under $500, but I go down to the warehouse and hang out sometimes, and the guitar has held up really well.
But what's going on in the 'Fender and Gibson copy' market is astounding. You have a lot of knock-off brands from the '80s and '90s that are selling, heavily used, for more than real brand new Fenders or Gibsons! Some of these are Mexican, some are Japanese, a few Korean. When I bought my Hohner G3T headless guitar in 2004 or whatever, it was about $285-- I couldn't afford a Steinberger stick, which it was a copy of, they couldn't be had for less than $500, and usually more. Now, my G3T would sell for $900,and a new Steinberger is $350. Apparently, the QC on the Steinbergers has not been great, and word got around. HST, there are a few models of older Steinberger sticks that sell for well north of a grand on the used market.
Do prices reflect quality? I don't know.