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I guess it probably is. However for cheap stuff the issue is that in China there are a lot of knockoffs, so when you buy products there are 50% chances that it will be fake (although most of the time you can tell the difference, either by different company logo or something else). Most knockoffs are very low quality and break easily (or outright won't work at all) too.And it's not just with electronics. There is even an Harry Potter book called "Harry Potter and the Chinese Overseas Students at the Hogwarts School of Witchcraft and Wizardry".
I think they even had an iPod-like device once that was actually just a flash light.
Most (fake) things are cheaper, not the same price.