Majority phones, more or less, will have some part or the other that is of Chinese origin, directly or indirectly.
For your question, its a rebranded Oppo A 50, don't recall the exact model. I saw it on some video.
Rebranded is no harm per se, but just a point.
Also their Qa on software has taken somewhat a hit as from what I have read.
Besides, Carl Pei has also left so there is some vacuum in the company. There is lack of fresh ideas which would set it apart from rest of the crowd.
If I were you, I would wait for sometime till the dust settles and if I see some genuine "value for money"phone. Like more RnD in 2/3 cam setup instead of 4 setup.