Quad from the UK is now Chinese owned I understand and Musical Fidelity was recently sold to an Austrian company which is probably Chinese.
It's just the way things are.
Have a look, and I'm not promoting them, at the quality of the DACs they are producing. Holo May, Denafrips and Musetec are the leaders at the moment and they sell factory direct which means a saving of 40-50%.
They are no longer cheap and low quality.