I have a semi -automatic Chinese watch from ebay via china which I bought for £1.43 +£4.00 shipping five years ago. It says swiss made on it.(ha ha ha) and keeps time ok.It does need winding everyday though.
It is what it is -a cheap but ok watch that wasn't sold as anything but that.I bought it partly to see whether it would look and last compared to very similar watches being sold at various outlets at the time.