Yeah.
The price doesn't make sense to me. Maybe if it was at least 50% cheaper? I'm not a big EDC person, so my opinion holds very little weight, but I think Spyderco would be a much better choice.
And who knows if the steel is legit or counterfeit.
In general, I prefer to not support EDC knives out of China, largely due to the mass counterfeiting and cloning that is rampant in the space. It is certainly plausible that the same factories turning out the common brand names are also turning out the counterfeit products and some of that has been found in the past.
But, that's me and a personal choice. In terms of product quality, for sure there is a ton of counterfeit stuff, clones, and deceptive/dishonest junk out there, but there is no denying that in the past few years there's been a significant surge of some really nice stuff out of China.
Brands like Artisan Cutlery, Civivi, Kizer and WE span a bit of the budget spectrum and routinely get praised for their quality. Those and a few others are where I would look for China-borne EDC stuff.
I don't keep up with the EDC world as much any more as I've settled on what I like and am not really into fancy folders but again, there's some good Chinese stuff to be had at often very reasonable prices.
On another note, another thing to consider, especially for a harder use knife, is customer service. Spyderco is renowned for theirs, with ole Sal himself often jumping in to answer questions or help get something straightened out.
Spyderco also has their byrd line that is Chinese made and they are a good value.