Way better than I expected!  That being said its not ready for any work right out of the box and will need a tune up so just get over that expectation if your shopping in the 30$ price range and you will be fine.  My blade was almost perfectly ground and the sole seems relatively flat but will need a little work and the edges need to have the burrs and sharp edges knocked down. Kind of exactly what I expected but a little better. Check out young je on YouTube if you want a good how to video