Just before Christmas 2008, after Wall Street’s Ponzi artists drove the global economy off a cliff, General Motors (GM) shuttered its Moraine assembly plant outside Dayton, Ohio, throwing a thousand people out of work and the middle class.

Today the facility is humming again courtesy of Cao Dewang. The billionaire Chinese industrialist, who also goes by Cho Tak Wong, barely survived as a labourer during Mao’s Great Leap Forward. Then he founded what has become one of the world’s largest makers of glass for cars and trucks, the Fuyao Group.

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00.