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

Subscribe to The Global Herald in Google News

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.

Support us:

https://subscribe.scmp.com

South China Morning Post YouTube Channel

Got a comment? Leave your thoughts in the comments section, below. Please note comments are moderated before publication.


Subscribe to The Global Herald in Google News

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.

Recent from South China Morning Post:

  • Talking Post: Kevin Rudd unpacks the risk of war between China and the US with Yonden Lhatoo
  • Suicide bombing kills at least 47 at Shia mosque in Afghanistan, second attack in 2 weeks
  • Taiwan tea farmers ‘powerless’ against changing climate and extreme weather
  • Leave a Comment

    We don't require your email address now, just your name. BUT, if you do add it, you may be notified if there are replies to your comment. Please make respectful comments, which add value, and avoid personal attacks on others. Comments failing to adhere to these guidelines will not be published.

    Posting....