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

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South China Morning Post published this video item, entitled “China’s model collective village in trouble as Communist Party marks 100th anniversary” – below is their description.

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.

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About This Source - South China Morning Post

The South China Morning Post (SCMP), with its Sunday edition, the Sunday Morning Post, is a Hong Kong-based English-language newspaper founded in 1903. It is Hong Kong’s newspaper of record, owned by Alibaba Group.

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