Huaxi Village, known as the first village in the world, is a typical example of the path of common prosperity in the socialist countryside. Under the leadership of the original Huaxi Village Secretary Wu Renbao, the villagers staged myths that farmers were rich, and each family’s deposit was over 10 million yuan, making it one of the richest villages in China.
Today, this “socialist rural model” faces problems such as environmental pollution, polarization between the rich and the poor, and it has become a microcosm of China’s rapid development.
As of the first quarter of 2017, the main assets of Huaxi Village ,Huaxi Group’s total assets of RMB 54.1 billion and its liabilities of RMB 38.9 billion. Once again, it comes to the forefront of public opinion.