This may be surprising to some of you, but the stuff China exports in general are of higher quality than the stuff average Chinese citizen buys in China. In any kind of manufacturing there are quality variations, and usually the good quality stuff gets exported since there’s more money to be made there. The average and stuff not quite up to QA standards are sold locally. I know someone who once worked in a bike factory, and he told me bikes that have minor imperfections are kept and sold locally. It also matches my first hand experience buying stuff in China, everything seems a little cheap compare to the stuff we get here. This is not to say there are no high end stores, but for the price they are charging there, I’d rather buy it here in Costco.
So yes, the crappy tools you see in HF are probably a lot better in quality than what the average Chinese sees when he walks into a tool store in China.
I do want to point out that tools is an interesting category. There are of course more and more wealthy people in China, but IMHO those people generally are not using tools. They might buy a fancy house, a fancy car, eat fancy food, but they don’t use tools. It’s just a fact of life. People who use tools in China, either professionally or home use, are generally not that well off. Making average salary, you don’t buy expensive tools, as there are far more “important” things to spend money on for the average person. China still does not have a strong middle class like we do here. Most people do not own cars. People who own cars do not work on their cars, and people who work on cars do not own cars. Remember, this is a country where you can run someone down in your BMW because he scratched your car, and get away with it. There’s a huge income disparity, the average person is still not that well off. Quality tool is kind of a luxury that is just not high on the priority list of the average Chinese.
In the US it’s a little different. Cars have been here long enough that there are a lot of people who own cars and work on their cars. It’s not that expensive (compare to our salary) to own a car here, and certainly not that expensive to buy some semi-decent tools if you enjoy working on cars. (I associate owning tools with working on cars, because frankly, if I am not working on my car, what do I need all those tools for?
Think about it this way. Owning a car in China is like owning a boat here. It is not for your average Joe. People who own boats do not work on their boats (maybe they do, I don’t know, but it seems logical to assume if you are rich enough to own a boat, you are not going to work on it yourself. Larry Ellison certainly don't work on his boat). If fancy tools are mostly relevant for working on boats, then the rich won’t buy it since they don’t have the need, and the not rich won’t buy it since they have no boats to work on.
So to answer the OP’s question, the average Chinese who wants a tool will probably pick the cheapest one he thinks that will get the job done, and most likely a domestically made tool since the import tools will likely be out of reach. The price of the SO tool will probably seem more like a ransom than anything.
