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蘭 is the character for the orchid in Chinese, Japanese Kanji, and old Korean Hanja.
Also: Epidendrum.
蘭 is used in some contexts to mean fragrant, elegant, or refined.
蘭 can also be the Chinese family name romanized as “Lan.” However, it is not the only character that can be romanized as Lan.
In Japanese and Korean, this character means orchid but is also used as a suffix or short name for the Netherlands / Holland.
Short Version
米蘭 is the transliteration to Mandarin Chinese for the Latin name Milan.
This also happens to be the Chinese name for the city Milan or Milano in Italy.
米蘭 are only used for their phonetic properties but this would mean “rice orchid.” But any Chinese person will know that you are talking about either the Italian city or a person named Milan (and will not take the literal meaning).
Though technically, you are supposed to use Katakana instead of Kanji, this also sounds like Milan in Japanese. The pronunciation was borrowed from Chinese when Japan borrowed Chinese characters in the 5th century.