In East Asia, the Japanese model, that later adopted by both South Korea and China, relies on the exact opposite. The government directly involves in guiding and shaping the economy. And they are smart in doing so, with the corporations being their vehicles to implement its policy and they are ones to picking the winners. So it is not like Planned Economy like the Soviets did, instead they are trying to embrace and take advantage of the market to better advance its objectives. Instead, here in US, corporations are more sensitive and faster than the government to propose new economic initiatives, while government just sits aside as the shepherd to prevent disasters.
If you ever being able to read material from CJK countries, the government in general has a much bigger power and responsibility, and when problem happens, the societies' instinct is to push the government to act on it.
But Huawei might be still a special case among of these. It is a weird company though, which doesn't need to respond to its share holders and yet participating actively in open and competitive markets.