#Gree Electric
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Disentangling Dong Mingzhu from Zhuhai's Political Earthquake: The Structural Firewall of Gree’s Mixed-Ownership Reform and Its Hard Fundamental Realities
A wave of high-level corruption investigations in Zhuhai, including former party secretary Guo Yonghang and former Gree Group chairman Zhou Lewei, sparked rumors regarding Dong Mingzhu. While a 2019 mixed-ownership firewall legally insulated Dong from the political fallout, her true crisis lies in a 43.31% drop in Q3 2026 net profit and a 24.78 billion yuan debt black hole at Gree Titanium.