Huaxi Village in Jiangsu Province, which was once touted by the Chinese regime as “China’s richest village,” is in financial trouble. Experts believe the situation reveals the corruption among the elite. Huaxi Group, the company which is collectively owned by the village and its residents, and has many sub-companies and listed companies, has a debt…
China’s ‘Richest Village’ in Financial Crisis
March 2, 2021
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bankruptChinaChina Business & EconomyChina SocietyChinese Regimecollective economycrony capitalismHuaxirichest villagestate-owned
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