While China might have started out creating some pretty impressive knock-off phones in the past, they have managed to catch up pretty quick and have since released pretty impressive handsets to date, although much like Japanese manufacturers, these China-made phones appear to be available just for the China region. Either way if you don't mind getting a handset imported, you might be interested to learn that come 21st of Decembe, Baidu (China's equivalent of Google) has announced that they will be taking the wraps off their smartphone.
Ubergizmo , Baidu Cloudphone to be unveiled on the 21st of December
See also:
itworld, Baidu Cloudphone to be unveiled on the 21st of December
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