I bought a new 308 M14 shorty a couple weeks ago... am in the process of rebuilding / tuning it now. Receiver is forged, bolt is MIM. Other than that - tight tolerances everywhere / build quality certainly exceeds the price point.
If the receiver is forged, you're good to go - just as soon as you fire that MIM bolt in the trash and replace it with a forged bolt from almost any maker.