STORY HIGHLIGHTS


Founder of richest village dies

CNC report from Beijing
Added On March 19, 2013

China's richest village has lost its founder...

Wu Renbao, the retired Party chief of Huaxi Village in east China's Jiangsu Province, died of cancer on Monday at home, at the age of 85.

He's credited with helping farmers rise to the middle class - a feat millions villages across China, are now trying to replicate.

A legendary farmer - and a rag to riches story...

During the past few decades, Wu worked hard to lead his villagers towards common wealth.

They developed a unique cooperative approach: residents, also shareholders, reinvested part of their salaries and bonuses into the village's commune, to boost its economic growth... 

With textiles and tourism as pillar industries, the village saw annual sales revenues of 7.9 million U.S. dollars - granting its 36,000 residents universal health care... and free education.

In Huaxi, each family boasts at least one house, one car, and 250,000-dollar bank savings.

And Huaxi's ambitions didn't stop there...

In its determination to set new records, Huaxi set up the country's first village-run aviation company last year... Offering sky tours for some two million tourists on vacation there every year.

A more than 300 meter-skyscraper as well as a five star hotel and Asia's largest revolving restaurant, are now being built...

Inspiring other Chinese villages, striving to give their residents a better life.

With Wu's help, two villages in Heilongjiang Province and Ningxia Hui Autonomous Region, are learning from Huaxi to build their own future...

Reflecting Wu's belief - that Socialism, is to create prosperity, for all.