As a younger Chinese (expat) who had been tricked by fellow Chinese all the time, I'm really frustrated about this. I'm trying to be honest myself as much a possible and but can do nothing about others.
My view is a bit brighter as I witnessed the transition of "Made in China" higher value goods from complete crap into something less crappy, as well as other changes in mainland China as the Chinese people are getting richer. We may just need to wait longer and hope another cold war will not start. I think "Made in Japan" also had similar transition, not in 70s but a bit later (and the role of US-Japan relation in this transition is another interesting topic).
As an European living in Mainland China / Hong Kong since 2019 that is exactly my thoughts too.
Back in the west, at least in my home country (Portugal) China was always took as cheap, bad quality product and the "factory of the world" were most "good" brands do their products.
After I arrived here and after seeing how much of their industry works and being able to see a big industrial production from simple kids toys to laser machines and CNC manufacturing (not making parts, the build of the machines itself) I perfectly can say they have the chance to be as Japan was in the 70s and good, very good.
Unfortunately they prefer to undercut even their own brands with cheaper clones, sometimes to the point of just the outside sticker changing and some parts being cut from the BOM.
I see that in the DTF and Eco Solvent printing machine manufacturing business (where I currently more envolved with) were most designs of tons of manufacturers are exact copies, using the same parts and even outside design, where the logo and colour is the only change.
There are 2 main board manufacturers, Hoson and Senyang, where the Senyang is a copy of the Hoson, made by one of the original engineers who left the company and created his own. All use the same print heads, mostly Epson I3200 or XP600, although it exists offers from Konica and Canon available. Designs are the same mostly:
DTF
Eco Solvent
OEMs are available (I know at least 3, and I also know the relation between them and the brands) but also own production for some bigger/more aggressive companies.
I know at least 100 different brands, selling the same stuff and trying to compete for scraps. I have a close relation with a small company and I'm helping them to improve and make things different, to try to differentiate from the rest (better parts used, different design, better assembly quality) but we have perfectly notion that as soon the new designs go into sale they will be copied in less than a week and everyone will again be selling the same.
Most Chinese company owners don't see value in being different, in trying to do the same but in different/better way. I know they have the knowhow, they have the passion and have the power to, but they simply don't care.
Not only that but the end buyer only care about one thing: price. There are not a added value view, the end price is always the deal maker.
And it will take time to change that.