The Chinese also make excellent cheap watches.
I have a self-winding 27-jewel wristwatch, that shows, day, month and date. List $99, but I am sure one could get it for half that.
Timex is OK, but the Russian and Chinese watches make it obsolete.

One thing I don't know yet- how long these watches will keep good time without needing service (which will cost more than the watch). Only time will tell.