I'm not so sure. While so good products come out of China, so does a lot of crap. Dog food anyone?
China is not the most free of countries and usually insists that things be done, at least in large part, their way. It would be interesting to compare an Austrian made K 240 Studio (which folks were still getting as late as last year) with mine or another made in China. Comparing the build and material quality of my 240 to a significantly less expensive Superlux HD668B, also made in China, they are essentially the same. I can't see my 240 withstanding 5 or 10 years of studio use and abuse like the old ones could (or so I have heard).
Those K240s appear to be lower in price, compared to the the Q701 I'm looking at getting, how good are these (made in China) K240s, compared to the Q701?