based on wat u stated, i think u're refering to external wastegate...
if compared to ori manufacture wastegate company like HKS,turbosmart,tial bla bla bla...i think is because of the branded name tat affect the pricing itself...and of course the material in used are slightly diff..but wat's the diff i dunno :D..
as we know..diff wastegate produce diff sound..but the function itself is all the same...some ppl might think tat HKS sound is the best..wit the brand and quality promised and so they go for it..so ppl wit low budget wil just go for tial as i believed tat tial is the most cheapest in the market of ori wastegate among the others..
those cheaper china products are much more diff from ori wastegate..yes they do manufactured in a company and workshop..but the quality and material in used are diff...we call as immitate/replica wastegate wer they copied other's company wastegate product and do it the same but without the brand name stated on the product because of LAW..one of the diff btw immitate/replica wastegate and ori wastegate is the diagrahm(duno correct spelling or not)...
about performance..pls refer to link below..
How does an external wastegate work? - DSM Forums
and not to be rude mate, i think tis kind of discussion has been done over n over again...and basic answer can be get from google or yahoo...