I will agree with the members who said that the quality that can be expected from the Chinese imported knives is highly variable. Generally speaking, the factories in China are capable of making knives at whatever quality and price point a buyer wishes to purchase. Of course labor and energy there is far less costly than it is here in the States, so that plays a role in lower wholesale prices. As does lack of employee benefits, no unions, and no EPA to deal with. This is how imported copies of Schrade knife patterns can be retailed today, 2008, for the same price Schrade retailed the originals at in 1978.
When the first of Taylor's copies arrived in 2005, I examined and reviewed several patterns of fixed and folders. I was dismayed at the quality of fit and finish as well as function. I admit that as an American Schrade collector, I was (and am) prejudiced against the imported copies and I cannot see how that could not have influenced my reviews somewhat. I did, at that time suggest that I expected the quality to improve from those first production pieces. It would surprise me if this were not now the case.
Schrade is no longer a manufacturer's branding, IMHO. It is now a merchant's nostalgia mark. But... if you are looking only at initial purchase price on a new knife which will see only light to moderate use and are willing to put aside politics, the Taylor Schrade branded Chinese knives might be just the ticket for you.
Otherwise, as others have suggested, the originals are still quite available new in the box and at what are really reasonable prices considering original MSRP vs. the rate of inflation (devaluing of the dollar) over the past ten years or so.
As a side note, Taylor has begun having some knives made by manufacturers stateside, and has (if I understand correctly) established assembly cells in their warehouse facility in Kingsport, Tennessee to assemble some knives from purchased parts. Great Eastern seems to be one source being used to make some Schrade branded slipjoints.
I might at this point, in all fairness, take the time to briefly explain some of the collector bias and anomosity toward Taylor Brands LLC and their Schrade branded knives. When importing of these knives first began, collectors (and would-be-investors) were snapping up Schrade knives at a fevered pitch, often unaware that they were buying imported copies until it was too late. Packaging was closely copied from original Schrade packaging right down to the American flags on the boxes and clam packs. Sellers on eBay were quick to take advantage of this and made a killing from sales of mis-represented merchandise. Few and far between were the collectors who did not, at some point, fall for the hype, poor pictures, and mis-listings that sellers took advantage of. Quite naturally, TBLLC took the brunt of the criticism while collectors spent time expressing their angst and detailing the visual differences in packaging, construction and markings to aid each other in not becoming another "mark" of sellers with less than honest representations of the TBLLC knives. While TBLLC did reap a lot of profit from this windfall, today I seriously doubt that was their intent (misrepresentation). As with any merchant selling knives with nostalgia marks, they were merely trying to take advantage of the "spill-over" effect of the increased demand for knives with the Schrade makings.
I don't own any of the newer Schrade branded Taylor knives at this point, so I cannot speak of their quality. My focus in collecting and user knives is on the real Schrades made by Imperial Schrade and the predecessor companies, Imperial, Ulster, Kingston, Schrade Cut. Co., Schrade Walden, and Camillus. There are still a lot of good buys out there in the lesser known marks of these companies.
Codger