The good ones are nice and the bad ones suck ;-)
Now that's the truth. Well put, DaBass. It all comes down to "quality assurance," which, in many Chinese factories, is a lacking quality. I worked in the retail music trade for a while, and universally speaking, US made products are well made. Foreign made, especially from Asia, have quality issues that range from great to awful. You open the box and it's a surprise every time. When they're good, they're good; but get a bad one, and it's a big let down.
I recently bought an Eastman (Chinese) archtop guitar. Wonderful looking instrument that sounds as good as it looks... until you play on that 10th fret. For twice the price I could have bought a USA made archtop guitar without any such issues.
As for my Palatino, I truly think I got lucky. I paid only $380 on ebay for a "blemish" instrument. (What blemish? I can hardly see it in full sunlight!) It could use a full set-up, and it's nothing like the nice old German basses my friends play (in the $8,000 price range), but all in all, it is truly the $380 miracle.
Oh, how I hate to say this, but typically, you do get what you paid for.