You pay for a brand. If it was the same build quality, but from an unknown Chinese company, would you buy it? Even if it was cheaper by 4x? Most people would say No!
The problem with a lot of Chinese stuff is that it breaks after a while because they often spare a lot of money on materials. But actually, brands like Xiaomi or Huawei are quite popular in my country because they're Chinese (therefore not expensive), but with pretty good manufacturing. I was seriously considering buying a Xiaomi Redmi for myself when my 7 year old HTC started having problems like randomly shutting down and not being able to turn on unless it was plugged into a power source (even when the battery was 100%), but then I decided for an LG Nexus 5x because a) I love the Google interface and the fact that it's a "clean" Android (no extra bullshit widgets like Samsung or HTC has), b) the new Huawei Nexus 6 just came out, therefore this one was discounted by like 50% (meaning it was even cheaper than the Chinese phones), and there's very little difference between the older and the newer Nexus.
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