That's another good point, for many years the attitude of the British car manufacturers was that people should be grateful for what they got (however crap), and with strikes every other day you were lucky to get anything. They just assumed we would all buy whatever they made. They just laughed at the idea of the japenese making cars, and here we are 30 years on begging the Chinese to help us rescue the last remains of the British car industry (volume manufacturing, before eveyone shouts what about Morgan).
Another great feat pulled off by the Japenese, and now being coppied by the Chinese, is that they achieve this quality without the item being more expensive. The Japenese were way ahead of any other car makers in the fitting of what we called extras as standard. And, as John has mentioned, look at the stuff you get included with these Chinese lathes. It would probably add the cost of the Chinese lathe to the price of a Myford to add all the extras they throw in.
Regards
Kevin