At $200 this is value indeed. Mudguards and carrier even included. It looks a lot like a Dahon Speed which is/was also a steel frame.
Spare a thought for the factory workers who must be making very little in wages to enable such a low cost folder...
A very misleading statement considering the lack of context. For instance is it better for the factory worker to be unemployed because the bicycle is made in another country? Also, calling their pay "very little wages" without a comparison to the average wages for that country and the area's cost of living is just not accurate.
For the record, average monthly wages in China according to some quick searches on the internet is roughly $780 USD and in Vietnam it is $185 USD.
Edwong3,
Congrats on your new bike and please don't feel any guilt for buying it. Look forward to the review.