I'm having trouble imagining Ignaz Schwinn being proud of a bike made entirely in China.

Schwinn was a company that made bikes to higher quality/durability standards than their competitors, yet this modern one looks made about like everybody else's generic China-sourced bike. What's to distinguish it as a Schwinn?

Not that I have anything against modern Schwinns, and when I buy a bike to flip that came from a department store, my first and nearly only choice is a front-suspended Schwinn MTB that is sold by Target.
I've had pretty good luck with those, but for the suspension forks taking in water from the vented top caps, which rusts up the springs inside and makes the fork action sticky. These forks are actually held together by the springs(!), seriously, so must be carefully examined for deep rust-pitting of the sort that might cause one or both of the springs to break.
Considering what these sell for new, I often wonder if I should bother with them, but they seem to ride rather well and the always-medium size fits most adults I'd say.