I can't say enough good things about the Chinese Fender Modern Player line. I own the Jaguar bass and it's absolutely fantastic in every way. The neck is near flawless with one tiny high spot on the 13th fret, everything else perfect. The pickups are pretty decent too. If you want a cheap bass, these are the way to go.
+1
I love my MIC Fender Tele Modern Player. With the exception of a loose output jack (just needed to tighten the nut) it was nearly perfect right out of the box. A little setup and now she's one of my favorite Fenders. Had her for a couple of years with absolutely no issues and everyone who sees and hears it loves the look and sound. If you haven't looked into a MIC Fender Modern Player you really should. Might be the best bang for the buck in the Fender line up.
Finally!