A Yugo or Romanian SKS will also set you back around $250, about the same as the Chinese one.
IMHO these guns are a good buy right now because there's somewhat of an oversupply due to the aftermath of the 2009 election, when prices shot up by ~$150 overnight and the rifles were flying out the door as quick as dealers could get them. Some dealers seem to have overreacted and ordered too many, and are now dumping the remainder for pre-2009 prices. However, the supply of fresh ones seems to be drying up, so prices will probably go up from here.