This is so called "TU 711" (not sure where "TU" came from, sounds like a Soviet bomber). Schnellfeuer is considered being a Machine Gun in the U.S. of A, Chinese had tons of Schnellfeuers and would like to convert those old guns back into money. The solution was making a new frame, removing the 2nd sear, firing control switch etc, to create a semi-auto for exporting to the U.S.
To make it more interesting, the five Hanzi on the left side of this one, read from left to right, first three characters are "Selbstlader" (by sound of stlader), last two are "Handgun" or "Pistole" (by meaning). The curved wheel etc on the right was to mimic logo of an old Nationalist arsenal, I forgot the name. But this thing is newly made and assembled. Making it work out of box requires some skill.
Importing of Chinese guns was banned in Clinton era. So, there are still many Schnellfeuers survived in China in original but poor shape. Don't know that's good news or bad news. One good side, not all Schnell were converted into TU 711. On bad side, there will be no more TU 711 imported (some would say that's good news as well because with limited supply TU will also increase in value over time, but I would leave that to the reader)
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