It would work, but there are some things you should think about. First, Chinese phones will not have access to Google features like the Market/Play Store. Second, they're not much cheaper than phones from the brand name companies that have much better specs. If you're willing to buy used, you can get a phone that will run circles around that thing AND give you access to Google stuff for less money.
I've had experience with one. It had all the Google apps (market, YouTube, etc). The draw back was the battery. The phone came with 2 batteries, and believe me...I needed both to get through the day. It was a decent phone, specs and performance comparable to an LG optimus...couldn't play games with high end graphics, but overall it was a good phone less the battery.