Huaxi in Jiangsu province is a prime example of the country's economic success. |
China's inflation rate has risen 5.1 per cent in November compared with a year ago, which is the country's fastest pace in the last 28 months. The hike in consumer prices is yet another indication of the world's second largest economy's unrelenting growth. Florence Looi reports on how Huaxi, China's wealthiest village, is a prime example of China's rising success. All of the property in the village is collectivity owned but each resident is a share holder in the proceeds o f the village. All residents own a home, a car an have $250,000 in the bank. There doesn't seem to be any need for billionaires, millionaires or trickle down in this brave new system. This video seems to burst a lot of right wing rhetoric about China. Rightardia has always been fond of the Chinese approach to corruption: execute the official or executive that betrays public trust. We doubt if a grifter like Florida governor-elect Rick Scott would thrive in China. |
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