China’s model collective village in trouble as Communist Party marks 100th anniversary

Subscribe to our YouTube channel for free here:
https://sc.mp/subscribe-youtube

Once dubbed the “richest village” in China, Huaxi in the nation’s eastern Jiangsu province, was the pinnacle of what one analyst calls “capitalism with Chinese characteristics”. As China started to adopt market reforms in the 1980s, local Communist Party secretary Wu Renbao switched the village economy from agriculture to manufacturing and trade while retaining its communist forms of social organisation. It subsequently developed into one of China’s most successful local economies. But later the village was caught up in rumours of bankruptcy following the suspected mismanagement of collective funds and bad investment decisions. Now, as the Chinese Communist Party marks its 100th anniversary on July 1, 2021, long-running debates about whether the village’s system is a good model are back on the table.

Support us:
https://subscribe.scmp.com

Follow us on:
Website: https://www.scmp.com
Facebook: https://facebook.com/scmp
Twitter: https://twitter.com/scmpnews
Instagram: https://instagram.com/scmpnews
Linkedin: https://www.linkedin.com/company/south-china-morning-post/

#scmp #China #China’sCommunistPartyturns100