Crossword Genius

It's cherished in China and well thought of in Wales (6)

Ross

I believe the answer is:

dragon

I'm a little stuck... Click here to teach me more about this clue!

'thought of in wales' is the definition.
'dragon' can be an answer for 'thought' (dragon is a kind of thought). I'm not certain of the 'of in wales' bit.

I don't understand how the rest of the clue works.

Can you help me to learn more?

(Other definitions for dragon that I've seen before include "Teutonic mythological creature" , "Reptilian monster" , "battleaxe" , "Seventeen [HARRIDAN]" , "It's red on the Welsh flag" .)

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