Nice looking lathe.

Contrary to what some think and contrary to the old wives tales you can get some good machinery out of China.
(And I'm the first to call em names on some stuff.)

Trick is, the outfit selling the stuff in Canada or the US has to have their people on site in China to keep an eye on things.
Turn your back and the shortcuts start flying.

I understand Grizzly is very good about this and the old US 'favorite' Harbor Freight is not.

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Hang a piece of plastic over your shelving in the pic background or the chuck will throw its lubricating oil all over the paper I see stored there.

This site used to have some excellent instructions on leveling your lathe and probably still does.
http://allshops.org/
As Denny notes, very important.

A machinists level is a handy tool to do this with, but a short digital level would work ok as well.