You can't really blame the Chinese for flooding the market with cheap junk. You can't blame the chinese for making bad tools when greedy American corporations outsourced their production overseas and closed the doors on their plants in the states. I'm not trying to get too political here. If an American company made a quality aquarium product that was made in the states or Canada I'd buy it. But I can't see giving Rolf C. Hagen corporation a huge pile of my money for a product that is indeed made in China same as sunsun. These name brands wont cut their profit margins to a reasonable retail price and they overcharge for the same stuff they've been selling for the last 25 years... so you can't tell me that money is going to R&D or marketing.
I used to work in several corporations (a few were foreign owned) as a controller. I doubt that you know what the profits are on products or where a company's revenue is spent anymore than I do (as an outsider.) In fact, we often had to undertake specific studies internally to know exactly what our profits were on specific products and even on whole product lines. It's inaccurate to state that companies routinely know what their profits are on products that they make: profits are of course known at a global level, but many of the companies that handle multiple lines of products can operate without any real knowledge of what specific products or groups of products cost to make.
Calling American companies "greedy" is strange when afaik many of China's companies happen to be capitalist and by definition are equally "greedy" as well. That seems rather curious. All companies are intended to be designed to maximize wealth for their shareholders: end of story. China's companies will and do charge as much as they can get away with: they aren't benevolent, world peace-loving, coca cola drinking, hand holding, dreamy eyed owners.
What people should be aware of is that China's costs are lower because:
1) they can and often do ignore copyrights and thus get free R&D
2) they can employ children
3) they have much more limited or non existent investment in safety or environmental areas
4) they have a lower standard of living that allows them to compete relative to certain labor costs
5) the exchange rate Yuan:dollar is artificially set to make their products cheaper
If you want to argue that it's wrong for American's to be concerned with that in China, then it should be correct to support lower wages, employment of children, ignoring copyrights, and lowering safety and environmental costs here.
If you want to say it's cheaper and perhaps a good alternative to a certain expensive American or Japanese or European product, then that's all good. But the "greedy" part seems to be the important thing.
It costs less than $20 for apple to make an iphone 5 in china.. so you cant tell me $300 is justified for an fx6 when oddysea sells a knockoff that runs $45
As an accountant I had to learn all the definitions underlying words that related to accounting and financial reports. Maybe you and I have a different definition of "cost" and "make." If you have any information that makes you think it costs $20 to make an iphone 5 in China, please post it.