Chinese speakers --at least within the domestic market, not the selected ones that get exported, fall into a few categories.
First, there is a SLEW of fancy-looking speakers with exotic (usually faux) finishes and superficially sophisticated-looking designs. The drivers in them are usually mass-produced mid-fi mediocrity. They aren't as bad as White Van speakers, but they wouldn't satisfy any real audiophiles. These are sold to upwardly-mobile Chinese who want to look like they have expensive tastes and money to spend on speakers, but who really can't or don't want to distinguish between sonic mediocrity and truly good sound. More brands and variations like that than you'd imagine.
Then there is a layer of quite decent speakers, usually with solid cabinets and real exotic veneers (often over-sprayed with lacquer-like poly finishes), and decent drivers. Usually not quite audiophile, but close to it. I bought a set of that type at a steep discount (display units bought at the end of an exhibition from a dealer who was happy not to have to ship them back), and listened to them for a while. They really were not bad at all, although not quite up to the level of real "audiophile" brands. Close, though.
Unfortunately they've been sitting for quite a while in the consignment shop, precisely because they are made in China. While audiophile types here are quite happy to buy and use some brands of Chinese-made tube gear, that acceptance does not (yet) extend to speakers. Based on the vast majority of speakers I've seen and heard, I don't blame them.
Of course, there can always be a few brands started by knowledgeable and enthusiastic audiophiles that might change that paradigm. Maybe these Elites are like that? I don't know, not having heard them.
Another area where the Chinese can do very well is in the digital realm. They do make the Apple stuff, even if they don't design it. That said, Oppo and Fiio are very well-respected in their digital niches, and deservedly so. I have a Fiio high-res (24/192) portable player (like an upgraded iPod), and it sounds truly superb, looks and feels like high quality, and sells for about half of what comparable models from other (non-Chinese) brands do. Their customer service, like Oppo's, is also exemplary.
Speakers truly seem to be one of the weaker spots in the Chinese audio market. Mostly flashy appearance and slightly (or greatly) disappointing sound. Nice to hear that there may be at least one brand that is an exception to that rule. I'll try to check them out when I get a chance.