In a review of one of the many "clones" (probably OEM'ed by the same company), cold solder joints have been found. If you want to keep it, I'd look for that. I don't think that your PSU is broken as in "component failure", but broken as in "broken solder joint", probably a 5min fix...
Can't really beat a linear power supply for that little money (I actually have two of those), buying the components alone would certainly be more expensive.