Most collectors tend to turn their collective noses up at Christmas decorations made in Hong Kong during the 1970's. These would have been found for sale in Woolworth's and other dime and drug stores. Granted the quality and detail are lacking compared to their Japanese counterparts from the 1960's, but I never pass them up, especially since they're rarely priced over a dollar at sales and usually even less. Here are few decorations made in Hong Kong I've picked up in the past couple years. You may have seen some of these in the Posts of Christmas Past.
My wife and I found this tree among some other Christmas items we purchased. It was undecorated and frankly resembled Charlie Brown's tree, but she used period ornaments we collected from other sales and I think it turned out great, particularly wrapped in the homemade "Joy" Christmas skirt we found at yet another garage sale.
There is hope for the collectibility of these pieces. A quick search on eBay of sold pieces shows they typically sell in the $10 to $20 range.