Chinese prices are getting up there too. I was surprised to see that even some years ago, some European makers offered better deals then Chinese manufacturers, all while using the same materials & same or better quality. Lionsteel comes to mind. I was able to get my Ti Thrill for $190 back then. Show me a similar Chinese knife that can compete with that price.
The Chinese are doing excellent work & have been for years. These are not sweat shops, but modern factories filled with skilled professionals. They can give any US or EU brand a run for their money if they want to, and often do. But with the economy changing, they aren't the bargains they used to be.
This is partially because just like everywhere else, materials & labour is getting more expensive in China, but also because these brands realized that they didn't have to sell their knives are bargain basement prices any more to compete internationally. Many Chinese makers are household names these days & the brand recognition is definitely there, so they raise prices just like US or European companies did before them.