There may be a lot of reasons not to buy from China. That video isn't one of them. It has done what it was designed to do. Outrage some people.
In itself maybe not, however add with that the toys with lead and other toxin that were recalled I would say yes. Assuming the video was taken in China that and the toy recall show me you have a culture with no respect for life. Not your children or animals. From all appearances it looks like the video was shot in a public square. If that would happened in most countries the skinners would have been arrested before the first cut was made. No one I know would tolerate killing an animal the way they tried. I've trapped most of my life most of my income comes from trapping and guiding hunters. I have never seen witnessed as gruesome as that in my life.
There may be some things we don't have a choice where they are made. I guess everyone has to draw their own lines.