I never got that, maybe it was like that before I ever tested the CRKT Waters, but I own 3, a large Pazoda, a Lake 111z, both in 8cr13mov and a Free Range folder plus an endorser I let my teenager gift to his dad for father's day, both in 8cr14mov, but no mystery as to their Chinese steel recipe, and all 4 came quite sharp, and all 4 are still sharp. Well at least the 3 i still own are. They act exactly as I would expect that steel to act, not great compared to better recipes, but still decent in all regards for a basic level stainless... For $20-30 and 8cr steel, i dont expect fit and finish if a mid tech, edge holding of m390 or toughness of a2 either, i dont expect it to perform like elmax or s30v, but rather on par with a 440a-b, and so far it has in every way... I personally think CRKT mixes right in between Kershaw's Chinese line as the best all around low cost values on the market right now (if you're not adamently against Chinese made). Better then the duck commanders, not as good as the Thermite/Scrambler etc.
(The free range is actually one of my favorite beater around the house edc's because of its blade size and shape and it's comfortable ergonomic rubber grip, and it took a real nice edge when I sharpened it back up a while back, and still holding it? I get it, if you had a bad experience then it's hard to over come as I'm that way with Gerber these days, though I still root for 'em to get their act together, but I'm 4 for 4 all positive for CRKT considering they all cost under $30.)
Albeit the minimalist is 5cr series steel, which I avoid at all costs, as it is lower quality for a knife steel, more akin to 420hc or 4116, of which are the lowest carbon steels I consider for a knife, and only trust Buck's 420hc or (krupp) 4116 from a reputable source...
But I digress, sorry for going off topic...