I don't doubt it. (Mine is not Chinese)
Some of the problems come, I believe, from Americans who zip over to China, cut some deals for cheap parts, and then flog them to the US market. If the QC standards are put into place, and are properly controlled by both the manufacturer and the importer, then I have no doubt that China can produce whatever you want.
And, Americans manufacturers have produced some pretty bad crap in the past too.
If I see a cheap power tool, air tool, etc with no warranty or with a 30 day limited warranty, I know that I am not likely to get something I will be satisfied with.
I repair my own brakes. I have to satisfy myself, and since I dont have to pay a dealership $100 per hour and cost x 3 for the parts, I figure I can use the best parts that I can identify.