A little exaggerated but not far from true. Not speaking of gifts specifically- I'm amazed by the amount of junk toys and useless gadgets coming from China. I actually don't know what amazes me more- that someone thought: "Hey, it's a great idea to make this <useless piece of crap>" or that someone out there is actually buying that stuff.
Which is sad, if you consider how much energy people waste on it and other similar things (e.g. political campaigns), that are basically internal processes required to run things. It is scary how many things with positive feedback loops on costs are part of upkeep of the world. If our society is a wealth generation engine, then it is a hugely inefficient one.
