Cheap knive can have any or all of these "bad" things - poor steel (probably badly treated), poor design, poor strength due to little or next to no tang.
Or none of the above - well OK a flaw in design - poor geometry -
being THICK just behind the edge can make an otherwise "sharp" knife which will shave hair, score paper - feel blunt when cutting through things. I think this is probably the problem with GarageBoy's Chinese knife.
I had posted this elsewhere - that helps illustrate the point -
This is a made in China kitchen utility knife for $1 from the Dollar Tree -
It's not very good - but not in the way you might suspect - being a hidden tang - most would think it has a less than 1" tang - but this doesn't seem so - I can't prove it short of destructive testing - I do have a scanner attached to my computer - but NOT an X-ray machine!

It has not collapsed and I have flexed the knife a lot more than any other kitchen knife that I care about.
No, it's not that it has "butter soft" steel either - again I have no means of measuring Rc - but it does sharpen up and doesn't seem to go blunt that easily - I would hazard that it's on par with any other typical reasonable quality kitchen knife - that's inexpensive.
What's not so good is the rather thick blade - OK, OK, it's not thick stock - but thick toward the edge - despite the seemingly obvious grind lines. It is thick just behind the edge bevel - I even took the time to reprofile the blade edge bevel to grind off the shoulder/corner - maybe not quite to a convex profile (I just realized that's how else I know the steel isn't that soft) - but even with that - although the knife will score/cut paper like there's no tomorrow - try cutting through something like an orange and one can feel it just is not such a good slicer, but hey it's only a buck....
But when compared to the cheapo Victorinox 3.25" (40601) parer for example at less than $3.......
and don't even mention the 5" Chicago cutlery Walnut 62S 5" utility/boner for something less than about $7......
in the total opposite - at the top is a $300+ David Boye 6" chef's blade with desert ironwood handle (also hidden tang - anyone care to accuse that of having a 1/4" tang?) in BDS (Boye Dendritic Steel - which is cast 440C) that is really frightening cutter......
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Vincent
http://UnknownVincent.cjb.net
http://UnknownVT.cjb.net