How Do You Compete With China?

How do you compete with foreign sellers and do you have to?
                                       
I am an online seller. Ninety-nine percent of my listed items are new. My competitors are foreign, especially from China. However, I don’t believe these countries are as much competition as I once suspected. Here’s why:

• Long wait time for the item
• Low product quality
• Customer service problems (sometimes due to language barriers)
• Potential return problems