Huaxi
华西新市村
Village
Huaxi is located in Jiangsu
Huaxi
Huaxi
Location in Jiangsu
Coordinates: 31°49′37″N 120°25′52″E / 31.826907°N 120.431176°E / 31.826907; 120.431176
CountryPeople's Republic of China
ProvinceJiangsu
Prefecture-level cityWuxi
County-level cityJiangyin
TownHuashi
Time zoneUTC+8 (China Standard)

Huaxi Village (simplified Chinese: 华西新市村; traditional Chinese: 華西新市村; pinyin: Huáxī xīnshì cūn), located in the east of the city centre of Jiangyin, in Jiangsu Province, claims to be the richest village in China.[1] Huaxi calls itself a model communist village.

About the village

Huaxi Village is known as the "Number One Village Under The Sky". It was founded in 1961.[2]

According to the local authorities, all the villagers (but not the much more numerous migrant workers) have a wealth of at least €100,000. This is a substantial amount by Chinese standards. The village has a multi-sector industry company that is listed on the stock exchange, has bought airplanes and plans to buy ships. The villagers are shareholders and are paid one-fifth of the company's annual profits. In 2011 the company's turnover is expected to grow by about €6.5 billion.

In addition to 2,000 villagers, there are in the area about 20,344 migrant workers and 28,240 nearby villagers.

Wu Renbao (simplified Chinese: 吴仁宝; traditional Chinese: 吳仁寶; pinyin: wú rénbǎo), the former secretary of Huaxi Village Communist Party Committee, developed a plan to turn what used to be a poor rural locality into a modern rich community. Wu Renbao was an investor in raw materials such as aluminium. His son, Wu Xiéen, is the current village chief.

A new landmark skyscraper in Huaxi Village,[3] the 328 meters (1,076 ft) Longxi International Hotel, was opened when the village celebrated its 50th anniversary.[4][5]

Criticism

Critics have accused the Wu family of a nepotistic leadership, pointing out how many important positions are filled by members of the Wu family.[6] In a study conducted by Zhou Yi in 2004, it was found that over 90% of the village's total wealth is controlled solely by the four sons of Wu Renbao.[7] It has also been widely reported that residents of this village cannot leave, or risk losing all of their assets. In addition, migrant workers are not considered actual residents of the village, and thus do not have access to any benefits.[8]

In February of 2021, media outlets began reporting on the possible decline of the village, with some stating that the Huaxi Group had lost between 390 million RMB (60,441,000 USD) to 435 million RMB (67,381,500 USD)[6] which resulted in the dividends system shrinking from 30% of company profits to just 0.5%. It was also reported that the village has gone into 6 billion USD in debt.[9]

See also

References

  1. ↑ The Secrets of China's Richest Village
  2. ↑ shsiddbwjcicdb.com.cn/cndy/2009-10/20/content_8817493.htm Huaxi Special: 'Number one village under the sky' continues moving forward
  3. ↑ Huaxi, the Chinese model of richness
  4. ↑ Skyscraper hotel takes Huaxi village to record new heights
  5. ↑ 走进华西村 揭秘奢华的黄金酒店 (in Simplified Chinese). Xinhua News. 2011-10-24. Archived from the original on October 27, 2011.
  6. 1 2 Jing, Chen (2021-03-04). "Huaxi Village: The rise and fall of the "richest village in China"". ThinkChina - Big reads, Opinion & Columns on China. Retrieved 2021-06-30.
  7. ↑ Hoft, Jim (2021-04-09). "Huaxi Village: The Failed Communist Experiment". Federal Inquirer - Breaking News Updates | Latest News Headlines. Retrieved 2021-06-30.
  8. ↑ "China's Huaxi Village". Atlas Obscura. Retrieved 2021-06-30.
  9. ↑ "The demise of China's 'model' village, where cash and communism collide". news.yahoo.com. Retrieved 2021-06-30.
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