Wal-Mart sells a bunch of these little knives. The company probably likes the product because they are very inexpensive to import while providing a basic knife that gives average performance for most people. If you knew the unit cost you would be enlightened even more.
Also, as has been pointed out here before, made in China and made in Taiwan are different things. My Browning comp. cutter offers truly sterling performance at a reasonable price point. I was shocked at how well the knife performed. Then my trusty GB folder in M4 by Spyderco: just a miracle knife in every way! Both of these cutlery pieces were crafted in Taiwan.
I also agree that it is good to have a few beater folders around. If you break one, you have not lost much. Wal-Mart would probably replace an inexpensive folder if you trashed it but then again you might have to show your receipt!
I have enough beater folders around

Doesn't Spyderco also have knives made in China as well?