Phonetic: 'lotus-orchid' - two beautiful flower characters chosen for their sound, matching 'Holland.' Coincidentally fitting for a country famous for tulips!
The Netherlands is famous for tulips and windmills.
Tips
history
The Chinese name 荷兰 comes from 'Holland,' which technically refers to just two provinces. The full official name is 尼德兰, but 荷兰 remains far more common.
