Technically any ETA movement with Panerai markings that is not genuine is an Asian (Chinese probably) movement. The question really is, is it just overworked bridges on a genuine ETA or is the whole movement a rep. Another factor to remember is there are genuine Asian (Chinese) ETA movements! So starting with the premise that the movement has Paneria or some other manufacturer's logos and assuming it is not genuine, that leaves 2 possibilites: 1. Genuine ETA movement with Chinese Bridges or 2. Entire movement is Chinese.
That being said there are various qualities of 100% Chinese ETA COPY movements. Some are good and some are, well Shite! My personal opinion is that the majority of movements promoted by our dealers as ETA are no longer Genuine ETA but just the high quality ETA copies!
P.S. I'm with tootall, I think the movement pictured is an ETA copy (Chinese) BUT I think it's one of the high quality ones. So since I'm in the market, who had this movement for sale?
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LeftyDNA