You get what you pay for. Right before president Billy Bob “I did not have sex with that woman” Clinton put a stop to Norinco imports, I bought the last three my LGS had for $225.00 each. The Norincos were gritty but the frames and slides were forged in the Workers Paradise. If you worked at slicking one up, you ended up with a pretty decent pistol. If anyone can pull it off at the $340 price point it’s the Turks. Those boys have gone high tech and turn out some amazing products at unbelievably low price points. UMAREX out of Ft. Smith, Arkansas was importing some stainless steel 1911s out of Turkey a few years back under $500 retail NIB. They looked good but in the end, most would only run with 230 grain ball. You could take them to a good gunsmith and have them re-worked to shoot hollow points but, by the time you were done, you probably would have been money ahead to buy one of the better makes at a higher price. When it comes to guns, I’m afraid there are no free lunches.
Had a friend that was a retired Navy armorer re-work my Norincos...trigger jobs, tighten and smooth up the slides, match grade barrel bushings and oversized barrel links, better sights. Those guns would shoot 1” groups at 25 yards with 200 grain cast target loads. The Armorer got one as payment for his work on the other two. Gave one to a friend. Foolishly traded mine away several years later. My friend still has his...probably gonna be buried with it. You buy one of those for $340 don’t expect much work on the fit and finish and don’t be surprised if it will only run ball ammo reliably.