China has some of the best factories, supply chains, and collaboration in the world. And while yes, of course, loads of intentionally cheap, low-quality goods are churned out regularly, many Chinese companies also make really solid products, often even the best products until you reach a certain ultra-luxury price bracket that they simply aren't trying to compete in.
For example, sure, an LG/Samsung/Sony OLED will be way nicer in terms of picture quality than any Hisense on the market. But the cheapest OLED on BestBuy right now is a last-gen, clearance 46" LG that costs almost ~$700; if you want a 50"+ model, be prepared to spend $1,000 minimum. On the other hand, the 75" U6H I got for $600 was better than any comparable non-OLED offering by non-Chinese companies until you got into the $1,000-1,200+ price range.
Midea is another good example; sure, Bosch, Miele, and Zojirushi often have much nicer luxury products, but if you're a middle/working-class person who doesn't want to or can't spend $300+ on a rice cooker, it'll be hard to beat--unless you get lucky like me and find the one weird guy in your town who happened to be moving cities and selling off all his appliances, including some perfect-condition JDM Zojirushi with an inverter for $100 (and also happen to have a Japanese friend you can annoy to help you figure out what all the Kanji menus do).
Same can be said for handset manufacturers like Xiaomi, etc. And a lot of audio gear as well; $100-200 Russian Oktava microphones easily punch several hundred to several thousand dollars above their class, Chinese brands dominate the mid-range IEM market, and Chinese headphone brands like HiFiMan are difficult to beat in any price bracket -- first paycheck I got, I spent $1,600 on Sennheiser HD 800 S because I wanted the HD 800 as a kid, but realistically, $300 HiFiMan Sundaras will get you almost there for over a thousand less.
Personally, every "made in America" thing I've bought that wasn't manufactured before like 1990 either fell apart and/or was ridiculously expensive compared to things made elsewhere. My association of made in America is either:
A. Truly craftsman, low-volume, specialized products that have an inherently high price tag
B. More commonly, low-quality, over-priced junk that survives only because of nationalism or protectionism alone