Hey Cy, good to see you back.
Chinese CY Squiers... hmm. If I have a field of expertise, this is probably it 😀
I own 2 (soon to be 3) CY guitars (my Jagmaster and my Telecaster) and I love them to death. The quality seems to me to be very acceptable. In fact, my Telecaster is also a CY01. The new guitar I am buying is another CY Telecaster (an 08) and when I took it out off the box to look at it, it was already more or less set up. They seem to have a bit of pride in Taiwan.
Watch out for Squiers with a CT serial number. The dude at the music shop made me compare a couple of Bullets (a CY and a CT), and the CY was VASTLY superior.