I have noticed a trend in Chinese production knives since US companies started moving production over there.
The better US companies, like Buck, Gerber, and Kershaw, watch their production lines like hawks and the products they bring home are quality they're willing to stand behind.
Gradually, as more brands are outsourced, as more metallurgy and tempering technology is entrusted to Chinese proxies, the more "leakage" there is into the Chinese mainstream cutlery industry.
I have a folding lockback that I bought a couple of years ago. No brand markings at all. Just "China" on the ricasso. Tight, sharp, pretty good for a five-dollar knife. (That knife is now in stores under the "Sheffield" brand for ten bucks.)
I recently picked up a few U.S. Classics pocket knives for under $10 each. Stunning quality. The same knife made here would go for $40-to-$50 easy. Rough Rider is another brand that's doing well.
The are making large strides, and we're feeding them the technology.
They may never overtake the Japanese in quality, but they're certainly closing the gap.
Give them time.
Today we scoff at them as we scoffed at the Japanese in the fifties and sixties.
I have a pretty good idea how that turns out.