Chinese electronics manufacturing now is like Japan in the 60s/70s - I give it like a decade max before "Made in China" is widely understood to mean "High Quality" rather than the "Cheap Junk" connotation it still has today.

It's like that with tools if you know what to buy, and costs well below the US brands.

For my primary tools I'll have hundreds of hours of use I still buy the more expensive brands, but on tools I'll use much less commonly I'll pick up a Chinese unit in a heartbeat for 1/10th the price.

https://www.youtube.com/watch?v=fxYjsZr1PwM

If you read Calvin and Hobbes you can learn that Taiwan used to be known for making... shirts.