Then you aren't looking at this very logically. This knife is a blatant rip off of a lionsteel and it also in fact uses Benchmade's propitiatory lock design (this is theft). When you buy the knife in the OP these are the actions you are supporting. Don't like hearing about it? Then don't "discuss it" because guess what, that is part of the discussion.
I own plenty of knives made in China. They are mostly from reputable companies like Kershaw. The Enlan EL-01 is a fantastic Chinese designed and made budget knife. To make this a China vs US production argument is interjecting emotion, and is a bit simplified, and frankly silly.
As Fuori said, there are knives in this price range made in China that don't rip any one off so blatantly. Kershaw has some great offerings of Chinese knives in this price range and you get a great company to stand behind the product. If that knock off needs warranty work, good freaking luck...
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I agree that this knife borrows a lot from the Lionsteel design, though it's clearly not an exact visual copy. Also, the AXIS lock makes Ganzo's G720 design departures significant in operation.
As for the AXIS lock...there seem to be are a few relevant patents surrounding this particular innovation. There is one assigned to BM on Nov. 21, 1996 that appears applicable, a utility patent (US 5755035 A). Google lists it as paid and valid, so it should be in force through ~Nov. 20, 2016. Beyond the US market, there's a European patent with same priority date. I am not aware if this patent has been restrictively licensed to any third party and under what terms, if at all. I could not find any references to patents in other markets.
Conjecture:
To my understanding, the Chinese OEM (Sanrenmu, owner of the Ganzo trademark) is a contract manufacturer of BM. It seem plausible that under terms of a Contract Manufacturing agreement, SRM was able to extract a limited license (probably preventing exact copies to be sold without approval of BM AND limiting sales to certain markets (e.g. China-domestic). If this were the case, then SRM would not be in breach if it produced similar designs that did not violate the contractual definition of "exact (or copy or replica, etc)". The sticky part, in my view, is on enforcement of distribution channels. If the contract did not specify or was not sufficiently constraining to prevent leakage (sales) outside of approved markets, then again SRM might not be in breach.
As for violating the AXIS trademark...it's clear that these Chinese variants are not marketed under this brand. Therefore, technically, it appears AXIS remains exclusive to BM, irrespective of the patent.
The problem with leakage of product outside of contractually approved markets is that such networks are very difficult and costly to impede. If the Chinese OEM is not contractually compelled to enforce its distribution channels beyond first customer, it would be impossible to prevent leakage.
Bottom line...as an outsider not privy to the confidential terms of such agreements...it's difficult to claim the Chinese OEM violated IP. As of Nov.2016, the issue seems moot.