I also find the chinese power meters have very long averaging time in firmware, it takes a few seconds to get a settled reading with a constant load. They aren't useful for fast response unless you communicate directly with the IC.
I wonder if that's because they use cheap/slow parts and a low sample rate?
Its because they use the cheap, but quite accurate, devices made for the utility energy meter market. That market cares about accuracy over a wide dynamic range, but not about the update rate.