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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”. 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 tabl
2:46
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”. 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 tabl
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