Mr. Lu Guanqiu, a Chinese farmer's son, built a modern enterprise from a small bicycle repair shop. In addition to the automotive market, Wanxiang is also involved in large-scale agriculture, aquaculture, real estate development, infrastructure development, and a unique China Bridge program to aid U.S. companies doing business in China, Wanxiang Group Company is diversified as well as financially solid. With 40,000 employees and $4.2 Billion ($US) in annual turnover, Wanxiang is fast becoming one of the major players in U.S.-China trade.

The winner of the prestigious Golden Horse award in 1987, Wanxiang Group was authorized by the Chinese government to operate independently at the provincial level in 1990, when most Chinese businesses were still directly controlled by city authorities in China. Evaluated as one of the leading township enterprises in 1995 by the Chinese Ministry of Agriculture, Wanxiang enjoys freedoms and privileges not afforded to many Chinese enterprises. Lu Guanqiu has been the subject of many articles on the emerging Chinese capitalism. Featured on the cover of "Newsweek" in May of 1991, he told his story of bringing Wanxiang from a small bicycle repair shop to it's position now of a major producer of auto parts, and a diversified multi-national company involved in a wide range of activities. To date, Wanxiang Group Company is involved with:

• Automobile Driveline Parts
• Automobile and Industrial Bearings
• Automobile Parts
• Aquaculture: Eels, Snakes
• Agricultural Engineering
• Restaurant Management
• Hotel Management
• Bridge & Road Development
• Power Plant Construction
• International Trading
• Leasing & Financial Services
• China Trade Consulting