Surely there is corruption, failure and incompetence, but if it was on the scale that comments like this yearn for, China would look more like Cambodia, or Myanmar, or even Thailand, than China.
The simple truth is China would not have been able to achieve the scale of productivity and growth that it has (and if you doubt the scale, you must travel there in earnest, you will leave mind-expanded, if not fully blown), if it were truly like you merely wish it were. Sorry, but truth ain't always easy to hear.