Did Changhong fall?

No, at least not yet. Changhong experienced a loan problem of $3.7 billion in Ni era, and the company suffered a big loss in operation. However, the state appointed Zhao Yong, former vice mayor of Mianyang, as his successor. Although the operation has been done well in recent years, it is still questioned by some experts and scholars on some issues, even if the operation continues. In recent years, Changhong has invested heavily in acquiring a company with a Korean plasma patent to develop plasma production. You can pay attention to Changhong's annual reports in recent years. Business seems to be average, at least not closed down. He still makes some military products.