I play a 'China copy' Squier Precision and it is just as satisfying as any bass I've owned in my 35 years of playing.
It's not the bass, it's what you do with it. Good luck!
M
Just saw him playing (awesomely) with Joan Armatrading. Played an upright and two fretless five-strings in Precision shape with MM-type pickups. Any clues?