Randy W Posted October 14, 2011 Report Share Posted October 14, 2011 http://www.chinadaily.com.cn/china/images/2011grassroots/attachement/jpg/site1/20111008/0023ae606e660ffa5ec107.jpg The newly built 328-meter-high 74-storey hotel towers over Huaxi village, East China's Jiangsu province, Oct 8, 2011. [Photo/CFP] The hotel was built at a cost of three billion yuan (nearly $471 million) by raising 10 million yuan from each family in the village. It is a symbol of rural urbanization, according to Wu Renbao, former Party secretary of Huaxi village. Huaxi village, the richest village in China, in Jiangyin, East China's Jiangsu province http://www.chinadaily.com.cn/china/2011grassroots/2011-10/08/content_13860467.htm Link to comment
Randy W Posted October 14, 2011 Author Report Share Posted October 14, 2011 http://www.guardian.co.uk/world/2011/oct/06/huaxi-village-tower-china One migrant labourer from the steel factory, who declined to give his name, said the tower would help the economy and create new opportunities. "Nobody would invest so much money in something that wasn't sure to be a success, right?" Link to comment
Randy W Posted October 14, 2011 Author Report Share Posted October 14, 2011 All the villagers have a wealth of at least or more than one hundred thousand euros according to the local authorities. It is a huge amount of money in China. The village multi-industry company is listed on the stock exchange and has made farmers wealthy. The company has bought airplanes and plans to buy ships. The villagers are company shareholders and are paid one fifth of the company's annual profits. This year, the company's turnover is expected to grow by about 6.5 billion euros. Money to be made in addition to other things, the construction and the cannabis industry, agriculture and tourism. The residents have received free cars, and large single-family houses built to European standards. Leaving the rest of the study paid for tuition fees, and the villagers have had joint assets also include a free trips abroad. Link to comment
Randy W Posted October 14, 2011 Author Report Share Posted October 14, 2011 More pictures from Huaxi http://www.businessinsider.com/huaxi-richest-village-china-photos-2011-10?op=1 http://static7.businessinsider.com/image/4e9484026bb3f7cb1b000089-900/every-household-is-worth-at-least-250000.jpg Link to comment
Randy W Posted October 14, 2011 Author Report Share Posted October 14, 2011 "Actually, we like this kind of socialism" Link to comment
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