In Depth: How Aluminum Giant Zhongwang Inflated Sales Through Shady Dealings

Chinese aluminum giant Zhongwang Group needed a quick fix in 2016. It appeared to quickly find one, at least on the books.

American authorities had launched a probe of suspicious trade flows in several California warehouses, delivering a heavy blow to the company’s export business. The investigation eventually led in 2022 to a fine of $1.83 billion for conspiracy to evade anti-dumping duties.