I paid 130 euros brand new for my Nord CE 5 with 8GB/128GB configuration. Couldn't be happier with the purchase. All I care is about price/performance ratio and the years of updates promised.
It's expected that in 4 years our debt to GDP ratio will reach that of Spain right now. And Spain's ratio is decreasing. We'll be right there with Greece, Italy and France soon enough, and I doubt unemployment will get any better.
Xiaomi appears to be the 3rd largest smartphone manufacturer in the world (behind Samsung and Apple). Not sure I'd call them a "minor player"