I think the quality is still hit or miss. I have a Chinese Epiphone LP Standard from 2017 or so, and it is a fine guitar, but this is after leveling frets and replacing the nut, bridge and pickups. Before that it would not stay in tune, buzzed at several frets, sounded dull both acoustically and through pickups and especially the "hotch" bridge pickup was a wonderful combination of muddy and thin. If you are thinking "but that's how a Les Paul sounds", you have no idea how muddy and thin. To be honest, the "59" neck pickup wasn't bad, but Tonerider that replaced it is better.

Another guitar I use regularly is a Squier Bullet Strat. It sounds kind of like Strat and it doesn't buzz at frets because of super high action, but it won't stay in tune, the ends frets are sharp and so are saddle adjustment screws that are a couple of millimeters too long and the icing on the cake is that basically anything played on second string makes something under pickguard rattle unless you press it at a certain spot. If you have to ask, it's audible through pickups and kills sustain.

I think you can find equally bad USA-made instruments at several times of the price if you look hard enough, but I wouldn't call these good instruments.