But in Asia, particularly East and Southeast Asia, most (budget conscious) people refer to "Chi-fi" affectionately in the context of "affordable and great value audio electronics from China".
Then may be for better clarity, they should probably have called those Chi-hi-fi = Value oriented Chinese made hi-fi, to separate them from the "chi-fi" = cheap Chinese made fidelity = lo-fi". Too late to do anything now.. On the technical side, we have misnomers such as r.m.s. power that is incorrectly but widely used, too late to do anything..