Re:U.S. Accuses Huawei of Stealing Trade Secrets, Defrauding...
by chillacy on Tuesday January 29, 2019 @01:32AM
(#19024277)
Not the parent, but I recall that Deng Xiaoping basically kicked off China's steel industry by buying a modern steel plant from Japan for a not insignificant portion of China's total GDP at the time. It was a risky investment which paid off.
I'm aware there is a lot of shades of grey around large commercially sensitive ore contract negotiations etc - see Stern Hu case https://www.abc.net.au/news/2018-07-04/stern-hu-explainer-wh...