well its 420 which isnt basically crap. Its not high grade though. Here is what one website says about it.
420: Lower carbon content (Less than.5%) than the 440 series makes this steel extremely soft, and it doesn't hold an edge well. It is used often for diving knives, as it is extremely stain resistant. Also used often for very inexpensive knives. Outside salt water use, it is too soft to be a good choice for a utility knife.
So mayeb youll need to resharpen it but you probably dont need to worry about maintinence when it doesnt see use.
Though i say if its made in china or something dont buy it, support american work.