There are two tricks to getting good Asian built power tools, both of which depend on the company who is importing it. First of all, part of what you spec when you send them your designs (or when you chose from their catalog of designs) is how tight the tolerances will be. It is a lot more work to make a +/- 0.001" part than a +/- 0.01" part, and that is reflected in the cost. Second, the company you are buying from should have their own QC guy at the factory. If a company relies on the factory's own QC people, you will not get what you ordered - they are paid by the factory, after all. Grizzly, Delta - those sort of companies have their own QC people at their Asian factories, and it is reflected in the quality of the tools they sell. But again, it is more expensive, which means the tools are more expensive. And of course, rejects from the higher end customers get re-branded for the bargain basement brands. Just because two tools were made in the same factory, to the same basic design, does not mean they are the same - not by a long shot!
I've actually got three drill presses, two USA made Delta's here in the shop, and a dinky little Asian made Craftsman at home. The Delta's are fantastic, but the Craftsman is perfectly adequate form most tasks that I use it for. Kind of small, but I do most of my aluminum work on that tool, and it's chuck with hold wire gauge bits down to 80, which is pretty impressive in a 3/8" chuck! And, it is easy enough to move around that I can use it at my electronics bench if I want to have heat while making a circuit board, or something else with easily cleaned up waste (but don't EVER try to drill aluminum in a room with carpeting!)
Gabriel