Posted by Clive Joseph 1 on 22/11/2020 07:35:12:
…
What are the experiences of the Chinese tooling – seems very cheap ! not always a good sign but are they OK for the hobby engineer who may not demand heavy cuts or the speed of production that industry requires ?
Still require a good finish though 
Thanks again Clive
The answer is a definite yes, no and maybe!
In the good old days there was a sharp divide between 'good' tools and cheap rubbish. Buying expensive brand-names was a safe way of getting a decent tool. And because tools were expensive compared with income, it was worth investing in the very best in hope it would last a lifetime. Hence a busy market for stolen tools, and people taking considerable care of their hideously expensive gear.
Engineering and commerce have both moved on. Now there's a market for very cheap, mid-range, and high-end tools. Mid-range tools have become popular even with professionals; rather than buying tools for life, it's often more economic to replace worn out tools, and they're much less likely to be nicked.
So far so good except it's difficult to tell which is which. The likes of ebay make it harder : is it cheap because it's rubbish or fake, or cheap because its top-quality surplus or bankrupt stock?
Brand-names are unreliable indicators too. They don't reveal who owns the company, or country of origin, or guarantee quality. These days most famous brands are owned by multi-nationals, who manufacture wherever it's cheapest.
You can't draw general conclusions about tool quality from country of origin either. Manufacturing in 2020 doesn't rely on trade-secrets, long experience, apprenticeships and craftsmen. Today, production can be set up almost anywhere in the world. 'Quality', (I hate the word), is set to maximise profit, and is largely driven by the customer. Model Engineers crave quality but are almost never prepared to pay for it.
All manufacturing nations follow much the same trajectory. They start with cheap tat and then move up-market. Birmingham England once led the world in cheap rubbish, and were pushed out by even cheaper rubbish made in the US and Germany, who in turn were forced up market by Japan. None of these nations make cheap stuff today because there's not much profit in it and it's brutally competitive.
For most of my life China's industrial capabilities was a joke. Chairman Mao's foray into backyard steel was a total failure, producing the worst steel at the highest cost in the world. Bonkers. Twenty years later China adopted Western technology and methods and grew into the largest manufacturing nation in the world. Same trajectory: start cheap and nasty, then go upmarket. Although they still make plenty of tat, Chinese quality today ranges all the way up to junior aero-space.
It makes purchasing difficult! To reduce the risk I favour buying Far Eastern tools from UK vendors. The importer takes responsibility in the event the item is a dud. I don't expect perfect tools to arrive every time, I expect the supplier to money back or replace if I get a dud. In contrast, buying direct from China is cheaper but a bigger gamble if it goes wrong. This approach is unsuitable, I think, for most professional workshops. A batch of duff inserts inconveniences me, but would cost a professional real money. They prefer to pay for reliability!
It boils down to how you feel about tools. My attitude is utilitarian; I'm focussed on what I need to do and don't care about tools provided they get the job done. Others find warty tools frustrating and offensive! Not good because hobbies are meant to be enjoyed. In that case, either buy new from industrial vendors, or carefully select second-hand tools as they come up.
The problem with second-hand is they are second-hand. A 'quality' tool in poor-condition isn't worth having unless it's just for show. Costing a fortune when new with a rock solid reputation for quality does not protect second-hand tools from wear and tear:

Dave
PS. Specifically about inserts; I agree with Old Mart. Have a look at the range of holders and inserts sold by ArcEuroTrade: they're hobby suitable. You don't have to spend days understanding industrial catalogues.
Edited By SillyOldDuffer on 22/11/2020 10:52:26