For decades, all the hardcore roadies (the ones who raced or who rode a lot with those who raced) were on frames, groupsets, and wheels, made the by the traditional big name western manufacturers. Then about 10 years ago, some random chinese parts started appearing on these bikes.
Five years ago, several chinese manufacturers had a good reputation because they put a consistent name on their product, as oppossed to the bottom feeder stuff on AliX. So that's when I bought my first set of chinsese carbon wheels for $1,000. They were excellent, and simply the best wheels I ever owned at the time.
Then, in the last few months I just started noticing a severl riders were on Chinese branded frames with chinese carbon wheels. E.g., Quick Pro; Yoeleo; and Winspace. No clue what groupsets they installed. [Edit: I forgot to mention a crucial detail. This is in Los Angeles which has a very high population of Chinese immigrants and their progeny. Almost all those Chinese frames were ridden by what presumeably were people of chinese descent (I'm also Chinese). And these are not budget Fred riders. All seemed to be on the younger side, rocking the latest cycling kits emblazoned with Rapha, MAAP, and PAS Normal.]
For the last couple months, I've been looking at used 3 to 5 year old carbon gravel bikes in the $1,5000+ range, knowing that I'll also spend another $1,000+ in upgraded carbon wheels.
Then I watched a short youtube video where the entire cost of buidling up a lightweight state of the art chinese gravel bike for $1,500. It was a $600 carbon Light Carbon frameset complete with fully hidden cabling, one-piece carbon stem+bar, carbon seatpost, and a bunch of other hardware. Wheels were carbon, made I think by Ryet. Groupset was chinese wireless. I'm pretty sure this is the direction I'll go. I enjoy building up complete bikes from bare parts and this is something completely different from the bikes I've built up over the past 25 years.
I think the local peletons are going to look substantially different in 5 years.