There is a name for that. It's called Chinesium.
That reminds me of a scene in Back to the Future where 1955 Doc Brown mocks a failed Japanese-made component based solely on his stereotypes, and 1985 Marty corrects him and says the Japanese make the best stuff.
For example, Huawei is (or was...) going after Apple in the high end smartphone market and they produce extremely good quality products.