July 15, employees of the Chongqing Guoguang Group that had been liquidated and declared bankrupt started a voluntary fundraising campaign to help Liu Zongchao, the former president who was recently released from prison, for medical treatment and to solve living difficulties. The initiative was reprinted in forums and managed to raise more than 20,000 yuan in just a few days.
Who is Liu Zongchao? Rewind twenty years, and he was almost a household name in Chongqing - a reform pioneer, one of the top ten outstanding entrepreneurs. The original Chongqing Traditional Chinese Medicine Plant that he led expanded in just a few short years from a handicraft workshop into a huge industrial group.
Nowadays, Liu Zongchao lives in a dilapidated dark house in the Railway New Village in Jiulongpo District. He has no one to depend on, is mentally unstable, and leads an exceptionally difficult life.