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To gain permission to manufacture their new model-a right then held by a few dozen state-owned factories-Wang and Pan lugged their prototype 2, 000 km to Beijing to show the Minister for Light Industry.
CNN: ASIANOW - TIME Asia | China: Blazing Refrigerators
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In 1983, with demand for its rice cookers flat, Wang, partner Pan Ning and a few other cadres cast around for a new product to manufacture.
CNN: ASIANOW - TIME Asia | China: Blazing Refrigerators
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Because Mr Pan and Mr Wang had not shifted ownership to Hong Kong, Guangdong officials could force the Shunde shareholders to fire them and appoint a bureaucrat to replace them.
ECONOMIST: The scare stories��and the chaotic reality
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With the help of its tiny township government in Shunde county, its founders, Pan Ning and Wang Guoduan, turned it from the 42nd-largest fridge maker in 1984 into China's biggest in six years.
ECONOMIST: The scare stories��and the chaotic reality
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"I have no way of knowing what's going to happen to Pan Shiyi and Zhang Xin, if the same thing might not happen to them, " says Wang, who doesn't know the couple and makes no specific claim against them other than that they are wealthy.
FORBES: Beijing Dispatch