I recently bought a bass SIRE U5 because i was needing a short scale bass to adapt my practice due to shoulder problem, and followed advices and test i saw on the internet.
This bass just blew me away. For 437 euros, i've a bass well made, with nice woods (alder body and flamed mapple top), high quality finition (even a binding), and a very good tone with stock pickups. So i can easily understand than a major builder trust these asian plants to not bring bad reputation on their brand and help to reach a lot more buyers than only with high-end price instruments.
I've also previously bought a Fender acoustic bass CB60-SCE, made in Indonesia (certainly by Cort) for less than 300 euros, and the finition was awesome. With a fishman preamp inboard, and a really nice natural sound. Do i need to spend more ? Nope.
So on one hand, this strategy is good to reach more buyers; but on the other hand it can prevent buyers to go for higher prices instruments. As a lot of brand has done the same move, it certainly should be more interesting to reach more buyers than only sell high prices instruments.
In my case, when i see the quality level of actual asian instruments, i would certainly no spend more than 1500 euros in a new bass. (Except if it's a small local luthier for a custom bass, but it would be a total different buying philosophy than a new "big brand" jazzbass (or cousin) made in US or Europe (any series)
My last one before the SIRE was a Markbass Kimandu made in Italy, that i paid 1300 euros for (+230 euros for Bartolini classic pickups); and is a high end quality bass with outstanding tone and playabilty.