I know this is a very (very) old thread now, but it is still relevant and was one of my resources in researching these Chinese bench supplies prior to buying one last week.
Further to Cerebus, and in the interest of coming full sphere, I thought I'd put up my measurements taken of this 30V 0-5A "Hyelec HY3005ET" courtesy of Ebay for the princely sum of £34.88 ($43.50) all in. All measurements are taken using a Pico 3423 USB scope and a Pico TA009 current clamp.
Open circuit voltage display vs actual:
3.28V is actually 3.30V
11.97V is 12.00V
19.95V is 20.00V
29.94V is 30.00V
Displayed voltage vs current and ripple measurements taken:
3.30V / 5W5.1R resistor: displays 0.647A = 0.665A 31mA/278mV p-p
5.00V / 5W5.1R resistor: displays 0.982A = 1.011A 45mA/192mV p-p
5.00V / 5W10R resistor: displays 0.507A = 0.510A 45mA/225mV p-p
12.00V / 10W20R resistor: displays 0.613A = 0.629A 62mA/256mV p-p
15.00V / 5W47R resistor: displays 0.321A = 0.327A 36mA/267mV p-p
5.00V / 2x100W1R resistor: displays 2.26A = 2.30A 131mA/299mV p-p
10.00V / 2x100W1R resistor: displays 4.20A = 4.24A 143mA/331mV p-p
Max V / 2x100W1R resistor: displays 5.086A = 5.219A 202mA/587mV p-p
There are no discernible voltage spikes no matter how much I mess with the power button or pull out/plug in leads with/without a load and voltage present. The most I saw was 15.07V for 0.4ms upon powering on with 15V equivalent dialled in and a 10R load connected.
The 80mm fan on the back seems to be speed controlled against the output voltage regardless of current. It becomes audible at 12V. There is a slight noise with a very low CC (<0.3A), sounds like faint radio squark, and again around the 5A range, nothing that a computer under the desk can't beat.