The web is the part of the drill where the two flutes meet. It forms the point on the drill bit. If this isn't thinned, it walks rather than bites in. The shallow angle (probably 115*, not the usual 135*) compounds the problem. You only get what you pay for, if you're lucky.
I thought the standard was an included angle of 118 degrees. It seems a bit (sorry for the pun) silly to spend thousands on machinery and then use Chinese drill bits! Remember if the drill bit doesn't say HSS it isn't. Probably carbon steel and perhaps OK for wood and plastic, but not steel.
Here's part 1 of a 3 part video by tubalcain, concerning drill bits - http://www.youtube.com/watch?v=hJItj_ISurY
Like most of his material, I though this was excellent!