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Critics have accused the Wu family of a nepotistic leadership, pointing out how many important positions are filled by members of the Wu family. 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. It has
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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) which resulted in the dividends system shrinking from 30% of company profits to just
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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
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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.
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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.
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shsiddbwjcicdb.com.cn/cndy/2009-10/20/content_8817493.htm Huaxi
Special: 'Number one village under the sky' continues moving forward
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In addition to 2,000 villagers, there are in the area about 20,344 migrant workers and 28,240 nearby villagers.
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Huaxi
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0.5%. It was also reported that the village has gone into 6 billion USD in debt.
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A new landmark skyscraper in Huaxi
Village, the 328 meters (1,076 ft)
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482:"The demise of China's 'model' village, where cash and communism collide"
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239:, claims to be the richest village in China. Huaxi calls itself a model
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409:"Huaxi Village: The rise and fall of the "richest village in China""
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Federal
Inquirer - Breaking News Updates | Latest News Headlines
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Skyscraper hotel takes Huaxi village to record new heights
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ThinkChina - Big reads, Opinion & Columns on China
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434:"Huaxi Village: The Failed Communist Experiment"
509:Huaxi: A Journey to the World's Richest Village
19:Village in Jiangsu, People's Republic of China
231:), located in the east of the city centre of
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336:The Secrets of China's Richest Village
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16:Village in Jiangyin, Jiangsu, China
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389:. 2011-10-24. Archived from
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407:Jing, Chen (2021-03-04).
385:(in Simplified Chinese).
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432:Hoft, Jim (2021-04-09).
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112:31.826907°N 120.431176°E
458:"China's Huaxi Village"
514:Story of Huaxi Village
149:Prefecture-level city
117:31.826907; 120.431176
519:Independent on Huaxi
393:on October 27, 2011.
271:traditional Chinese
215:traditional Chinese
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84:Location in Jiangsu
263:simplified Chinese
207:simplified Chinese
560:Utopian socialism
550:Villages in China
247:About the village
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535:(in English)
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103:120°25′52″E
544:Categories
491:2021-06-30
467:2021-06-30
443:2021-06-30
418:2021-06-30
323:References
100:31°49′37″N
317:Mondragón
298:Criticism
284:wú rénbǎo
243:village.
241:communist
185:Time zone
555:Jiangyin
311:See also
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137:Province
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128:Country
43:Village
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178:Huashi
235:, in
219:華西新市村
211:华西新市村
190:UTC+8
78:Huaxi
32:华西新市村
26:Huaxi
173:Town
154:Wuxi
275:吳仁寶
267:吴仁宝
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