Yuanhua

China

Yuanhua is a city located in China. It serves as the primary location for the Yuanhua Group, an enterprise established by former businessman and entrepreneur Lai Changxing.

The group was based in the Special Economic Zone of Xiamen and was involved in the importation of various foreign products, including cigarettes and automobiles. At one point, the organization was responsible for approximately one-sixth of the nation's oil imports before its leadership became implicated in corruption scandals involving a large smuggling ring in the late 1990s.

Sources

  1. Lai Changxing