internet - What is wrong with the connectivity in China?

No day passed without meeting people who complain about the problems they are having in using the internet in China. While we can get broadband everywhere, I often switch to the dialup (like I'm doing today from my high-end office in Shanghai) because that is faster than the broadband. Even the growth of the number of users dropped last year.
Part of the problem is of course the internet filters up in Beijing that are unable to cope with the current traffic. But more basic seems to be the lagging investments. After the internet bubble collapsed, investments were already planned and capacity went up very fast, although it was not justified with the economic results. Now the internet as a tool is picking up fast, but the level of investments today seems to reflect the gloomy days after the bubble was gone.
Looks like we have to sit this out.