True, that is quite good inside the GFW. As a comparison, I am in Beijing in an apartment from 2002, with a DSL connection that China Unicom sells as 4Mbps (the best I could buy here):
Beijing ping - 26ms down - 2.53Mbps up - 0.53Mbps
Shanghai ping - 148ms down - .83Mbps up - .52Mbps
London ping - 410ms down - .19Mbps up - .15Mbps