Well it can be good news if the quality comes up. I have had a couple S&W Chinese made knives and I am not too impressed. Taylor makes cheap stuff IMO. if you want Schrade, go look for USA made stuff. I have 4 small lockbacks with their 100 year mark on them just before they went out of business, I also have a couple Schrade Scrimshaw fixed blades.. I stay away from Chinese stuff, but i do like the Boker Kalashnikov(sp) autos from Blade HQ. Dollar for dollar, they are a sound everyday auto. Beyond that I buy USA made Piranah(sp), Microtech and Benchmade, all available at blade HQ, and all automatic. Just my opinion