This isn't a fantastic deal, but it's not a terrible one either.
So it's made in China? The vast majority of all laptops are made in China. So what.
It's a Dell, just like any other Dell, of which most of the parts are made in China.
Just like everything else is.
Also, the Pentium B950 is no slouch -- it is a Sandy Bridge chip and quite fast.
Basically, in most respects, it's simply a Core i3 sans Hyper-Threading.