xocd,
I imagine that the Chinese are more interested in production volume than with time consuming high-end instruments. They will have identified their markets, and will pitch their products accordingly.
I have no idea what percentage of the market demands high-end instruments, but I will wager that the Chinese do.
How many of us, on this site, need a high-end accordion? How many of us can afford one? We do have some professional or semi-professional musicians on here, but I imagine that the majority are happy enough with the instruments they have.
This is where the Chinese come into their own, providing affordable instruments for people to play in mundane, run of the mill venues. They will, at least for now, leave the low-volume, high-end market for others; concentrating their efforts on churning out cheap but half way decent machines for the mass market.
Kind Regards,
Stephen.