Guys here mentioned Yamaha axes and Rondomusic axes. IMO both mean a solution for a killer budget guitar.
A friend of mine works in a Yamaha discount store here in Hungary, they also sell Chinese-made SX or eSseX guitars (Rondo's cheapest yet adequate line) and some Agiles and I had the opportunity to make a serious test ride of almost all available Yamaha models and some Rondos and considering price/quality ratio IMO you won't find a better new-made guitar for such low price.
The guy gave me a black SX guitar as a gift. It is a Les Paul copy and he selected it from the 50 pieces' shipment for me. In many aspects, it is "oversized", many of the componenets seem to be rugged, reminds me a lot of Russian AK47 guns: they are rough but work pretty well.
For sound and feel it is 80% close to an original Gibson Les Paul Studio. Of course, after Seymourization. I don't know anything about its stock p-ups

In short, after some necessary adjustment and change of electronics it is a real kick-ass guitar, for the price of a pickup. Dmn, even the tuners are decent...