I did see some prices for Ceriani lathes a while back – the company name caught my eye because they used to make forks for motorcycles. I can't remember the exact figures but they were pretty hair raising.
My dislike of Chinese machine tools is a personal thing – I used machine tools as a source of income and quickly decided cheap Chinese machines were false economy after being let down so many times.
Mechanically they can be just about 'OK' if you rebuild them how they should have been put together in the first place, but regarding motors and electronics you are in the lap of the gods – a specialist motor rebuilder told me that in his opinion the failed motor ( from a very popular machine sold by a famous 'box-shifter' company ) I brought to him had actually been designed so it was impossible to repair.
Then there are design issues like poor ergonomics, speed ranges which don't go low enough, corners cut everywhere. As I say though – my opinion.
The Sieg X2 I bought last year ( through gritted teeth ) hasn't failed yet, but I trust it as far as I can throw it. The instruction manual was hilarious, I don't think it would be possible to figure it out at all unless you already knew how to use a mill. The mill head is referred to as the 'fuselage' for example 