Huaxi Village
Description
Huaxi Village , located in the east of the city centre of Jiangyin, in Jiangsu Province, claims to be the richest village in China. Huaxi calls itself a model socialist village.
About the village
Huaxi Village is known as the "Number One Village Under The Sky". It was founded in 1961.
All the villagers (but not the much more numerous migrant workers) have a wealth of at least 100,000 euros, according to the local authorities. 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 euros.
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, the 328-meter Longxi International Hotel was opened when the village celebrated its 50th anniversary.