I agree- I've seen some amazing Chinese products across all hobbies recently, which are oftentimes almost as good, if not better with a little modification. That being said, counterfeit products are almost universally worse than their real counterparts.
I would not be surprised to see Chinese products that are identical in quality to their genuine counterparts within the next couple years, especially for high-end products.
I'm sure there will be some great brands coming but when they are ready they will spend money and really develop brands. While they are selling literally no-name or no-history brand names that are churned rapidly there is almost no cost in getting a bad reputation, just start a new brand.
This doesn't mean that brands never fail or do wrong (cough VW) but the fact that they have something to lose is a good thing. Also you are more likely to hear if there are huge problems with a product.
I would not be surprised to see Chinese products that are identical in quality to their genuine counterparts within the next couple years, especially for high-end products.