China's richest village unveils anniversary skyscraper

Reuters 2011-10-09

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This is the Chinese village of Huaxi a few decades ago.
It was little more than a backwater, home to farms and a few scattered industries.
But this is Huaxi today, as it prepares to celebrate its 50th anniversary.
The village, reputedly the richest in China, celebrated its first half-century by unveiling a towering skyscraper.
At 328 metres, the structure dwarfs everthing else on the Huaxi skyline.
But perhaps the most impressive part of the building is this 1onetonne solid gold bull, on the 60th floor.
The village founder says its success was based on a pragmatic mix of capitalism and communism.
(SOUNDBITE) (Mandarin) WU RENBAO, HUAXI VILLAGE'S FOUNDING PARTY SECRETARY (Interspersed with translator's voice):
"I think that whichever system you are in, which system can help people's life, and which system can let people be happy, then that is the best system."
The village functions like a commune, with each of its 36,000 residents putting a share of their salaries into commercial ventures controlling a vast business empire worth billions of dollars.
Andrew Raven, Reuters

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