The best piece going (and made in the US to boot) for anywhere near that price is the wright wpp100c. I have heard and played with the mingda- it has some issues, bad hum, grounding problem ? hard to say. cheaply built. I was not impressed - it seemed about like most of the gear from china these days - much about looks, little about quality control. ASL is the only decent chinese brand I have seen and heard so far. Opera/Consonance has some decent looking/sounding stuff too but not sure on phono.
-Ed
-Ed