That is the reason why i used it around about the 3A ballpark, i avoided using the PSU at the max 5A spec, i didn't really trust it to handle max load for longer periods of time.
Not saying that it is a bad PSU. I think it is a great value for money when it comes to an entry level PSU, indeed difficult to get anything better at this price point. But just so that you have its limitations in mind. I have a Aneng 8008 too, great little meter that is amazing value for money, but i also have other DMMs from Keysight,Agilent,HP,Keithley... some bench some portable. I like to keep a mix of both cheep gear and fancy gear, using it as appropriate.
The reason this Korad ended up on battery charging duty is that i got the task to throw together this test rig. But all the nice remote controllable PSUs ware used for something so i couldn't take them for a few days, so i just went and bought a cheap remote controllable PSU on Farnell with next day shipping. It was only needed for a few days to run these tests for development use, and it can be used as a simple small general purpose lab PSU afterwards. It worked great in the test rig (once i learned that the RS232 port is more reliable) going trough quite a few charge cycles on the small batteries, but then once the big lead acid battery was hooked up to measure its characteristics then the charge times went up a lot and so the PSU was sitting at the set current limit for a lot longer. The PSU has proven to be reliable for days on end, so i was not too worried about hooking up the big boatanchor of a lead acid battery they asked me to run on it. It still had the appropriate fuse fitted, the PSU had a external diode protecting from any possible back flow. Same fuse also protecting the electronic load in case that failed short, Vsense line on it had a separate smaller fuse etc. The internal construction of the Korad didn't look horrible or anything. i was not pushing it to the limit or anything, i had external protective measures in place, so i assumed its good enough to get the job done. Most test rigs i cobble together in a day to test something out are not perfect anyway, so i didn't think much of using a chinese PSU.
The chinese products can be impressively good when you find those hidden gems among the other cheap crap. And this Korad PSU is certainly one of those hidden gems, just be aware of its limitations.