That Other Countries Have Failed in Their Efforts to Build Giant Conglomerates.
China Is Determined to Keep Trying.
Putting itself on display is just one of many consequences of being a model company, those the government deems the best and biggest. Being named a model company put a lot of pressure on us. The whole country wants to learn from Handan. In return, they are expected to lift the country's beleaguered industries, oftentimes by being force-fed ailing companies officials don't want to see go under. The rapid rise, and recent collapse, of the South Korean economy was driven by just such a government penchant for picking winners and channeling easy money their way.