Yes it is a blatant copy. And I'll bet any money somebody creates an Android Wear skin that mimics Watch UI (at least the the home screen honeycomb pattern) and sticks it on these devices. Believe me if they tried to sell this outside of China Apple would sue them so fast.
No, you are totally incorrect.
Making something upon a quick look, look like something is NOT copying it.
Taking an iWatch to bits, measuring it, copying the layout of the circuit boards, the battery, Making the control wheel the same, and work in the same manner etc etc etc is COPYING it.
This is just something cheap that, upon a quick glance looks like it.
It's not copying it.
As I said, it's like me making a plastic copy of a Ferrari $200,000 sports car sticking in a 50cc engine and having a laugh selling it for a couple of hundred dollars.
No one would really think I'd COPIED the Ferrari.
And no own who wanted Ferrari would buy mine, other than as a joke or something.
And Ferrari would not lose any sales due to my cheap product.
I know Apple will get really upset, but probably not so much for THIS model.
They will get more upset when someone REALLY copies it properly, and pricing it say $100 under Apples price. It would have to be made very good and very functional to actually lose Apple sales.
Heck if I could get one for a few dollars for a laugh I might be tempted, as it would probably do more than the real thing on it's own and not need an iPhone.
But if I wanted an Apple Watch, I'd buy an Apple watch.