Guys,
Great thread, although as others have mentioned a bit political towards the end.
Here's my 2 cents.
As many have already mentioned, there's a lot of every day products we already own that may say "Made in XXXX", however in reality they are only assembled in that place and components come from all over the world with a great deal from China.
Off the track of machines for a sec, I bought a brand new, Chinese built off road buggy a couple of years ago. Apart from needing to go over the whole thing with some spanners and some locktite, the buggy is well designed and constructed. When I searched for info on the buggies, I found out the US is one of the largest markets for Chinese built buggies/ATV's in the world. The chinese built off road stuff does have a good wrap in the US with many on forums providing great reviews. Ironically, it's easier to buy after market performance parts for a Chinese bugggy out of the US than it is in Australia!
Not everything built in China is of poor quality.
Back to machines. I've often wondered why we don't see more chinese made heavy equipment here in Oz. Having searched the net, I have seen many Chinese manufacturers that do produce it. I'd imagine that much heavy equipment manufactured in China is actually used in China every day and is probably very capable, reliable and would be able to match the big names.
In Oz I have noticed that many importers are now bringing in smaller tractors and farm attachments. Whilst the tractors do seem to be for smaller acreage (What we'd call a hobby farm) they seem well suited to their intended purpose. I know people who own chinese tractors and say they are great value, reliable little machines. 30hp 4x4 tractor with ROPS FEL & 4 in 1 for around $16K AUD brand new is not terrible money at all.
It'd be interesting to see how heavier chinese equipment would go, particularly in everyday use earning $$$ for its owner....