In the land of Confucius, Lu Weiding carries a heavy family responsibility. His father owns a $1 billion auto-parts supplier that controls the biggest privately run firm on China's stock exchange. But while Lu Guanqiu wanted his son to succeed him, the younger Lu rejected filial obligation and spent his teens careering around rural China in jeeps and on motorcycles. When he rear-ended a dump truck, Dad finally packed him off to Singapore to study and, says Lu, "to save me from becoming a failure."
It worked. Lu, 32, is CEO of Dad's firm, Wanxiang Group. He is expected one...
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