Here's the thing.
Back in the 1960's, Japanese cars were seen as cheap and not of very good quality. They didn't have a very good market share because my Dad's generation refused to buy Toyotas or Hondas because they were still pissed about Pearl Harbor.
But the Japanese kept working on quality and efficiency, while US automakers got complacent and kept cranking out gas-guzzlers in a market that no longer wanted them. By the 1980s, Japanese cars were considered superior in quality to American cars.
China is where Japan was 50 years ago. It's moved beyond, "The place you get things that are cheap" to "the place you get things made with quality". "Cheap" has moved to Vietnam, Malaysia, and India.