To arrive at the price the competitor wants, the factory uses cheaper cast iron, coarser, faster, and cheaper machining techniques to generate the machined surfaces, scraps most of the quality control, etc. Here in the US, machine tool factories have fairly rigid quality standards, and that is what Americans are used to. In the Orient, they'll make whatever you are willing to pay for. It's one of the best lathes ever made, but you'll find imported lathes that LOOK the same that are in fact, nothing but junk. If you're not knowledgable about machine tools, take someone who IS knowledgeable with you when you go shopping and have them evaluate each machine carefully before you decide what you're going to buy.
Life is short and the path is often unclear.
It is a great sin to knowingly contribute to someone's confusion.