It's almost entirely a question of how well they *choose* to build it, and whether they can keep the process sufficiently free of corruption to maintain the standards.
The PRC produces a truckload of crap; it also produces a lot of stuff that is fair value for its low price, and some products that are sold under very prestigious Western brands.
If they want it to sell in the international market, then the odds are that the technology will be slightly behind the cutting edge, the quality will be at least acceptable, and the price highly competitive.