I've got a Norinco SKS (Chinese) that takes AK mags that I paid $159 for back in the early 90's. It has functioned flawlessly over the years and is more accurate than I am with iron sights. I installed an a/market peep sight that mounts on the rear of the reciever. It made a world of difference.
Awesome gun for the money. I don't shoot it much but I wouldn't part with it.