i can see the value in some components, but for the most part it seems like setting up to counterfeit money, but only producing dollar bills.....
with a bit more effort you could counterfeit something worth the profit, or just make an authentic product......
and i have no issues with used components, i use them often in repairs, but i know they are used and they work just fine... usually, but that is the risk of used.
If you have 100,000 useless junk ICs like mask ROMs or some other worthless part and loose morals, you can run the lot through a machine that sands off the top and marks them with a new part number and now you've got something that was worth $0 that you can now sell for $1 or more each, that's $100k minus whatever you spent re-marking them which is often not much in volume. It can be very profitable, even for low value parts.
Not all parts bought direct from China are suspect but certain types of parts nearly always are. Older parts that are no longer produced and still in high demand are most commonly counterfeit but you can find fake jellybean transistors if only because marking a big pile of reject transistors as 2N3904s and selling packs of 50 for a few dollars is more profitable than throwing them away.