Absolutely not. Chinese phones are death traps and specs are never to be believed. They sell for ~$30 in China, and I wouldn't advise them for anything more than a novelty.
The Commandments of Android
1) Open RAM is wasted RAM - Don't use Task Killers
2) Cheap devices are cheap for a reason. Don't expect high end performance.
3) Boot Loop = Wipe.
4) There are no viruses for android.