Let me tell one of many stories how a product from china almost ruined my dads company and i consult at it.
They build steel bubbling lances, my dad holds the patent, i design refractory. His company was getting brick from china for bottoms at burns harbor the last intergrated mill built in the usa in the 60's. I worked in the mill as brick layer labor, salesman and engineer. This was last year and they been making this brick or similar for 2 decades.
One bad batch of brick, the ladels failed in half the time, this cost a lot of money. They lost the biz.
I just give 2, when china came on with bauxite for refractory. This is 3000 f plus stable aggregate for high temp apps and cheap. They consistent sizing issues which would ruin a batch of refractory, even if it was the main ingrediant it was small amout of the over all cost. Next they had poorly calcined baxuite, so it fell apart. It needs too go too glass/crystal stage for usage.
Ever see chineese mine? It used man size hole and baskets.
Ok i could go on, I expect you see the same thing with their steel. Bad loads, lots of seconds. I carry a chineese buck sandman made with 440HC, I just the specs. If your in an emergency and your new knife fails was it worth the risk?
Just make sure you fully test it. I made this post too see if I should buy some, i own well over 300 knives, pakis, indos, mayas and over 100 us made higher end customs. Many mass produced us knives. All are known alloy, 440c is great i love it. 420HC is good steel.
Fancy powder blends from cruciable are next tech level and prices will come down. I own many D2, O1, ATS34 besides high carbons.
I think in the end, generic mini shops, will put out bunk STEEL and slap on the china names, just like they have done in many areas. There are no laws, and it is encourged too the point of free land and anti labor laws.
Finally as a large collector i like to HEAR from kerwaw (i own dozen or more folders, low end, leaks, ZT ect and fixed blades) (i love them), spyderco (overprice IMHO and i do not like the opening hole) and other big knife makers. What is the QC? Do they test the steel not just the blade - hardness is one of many issues. Small impurties and years later you got rust bucket.
I came here too learn not to be an idiot so I hope I do not offend anyone - I do come off wrong and type bad since i have issues with my eyes. Too many years building computers.