The tragedy of a business model

The tragedy of a business model

A business family returned to its village in Tiantai county of Zhejiang province for Spring Festival but the celebrations turned into a tragedy when their five children drowned in a pond. The incident reflects some defects of the famous "Zhejiang business model", says a commentator in Dongfang Daily. Excerpts:

Five children drowned in a fishpond in Tiantai county of Zhejiang province where their family of businesspeople had returned to celebrate Spring Festival. Many people have blamed the lack of railings around the pond for the tragedy.