https://freerepublic.com/tag/huaxivillage/ en-us Wed, 3 Mar 2021 03:12:52 GMT Focus Forum 15 https://freerepublic.com/focus/f-news/3939074/posts 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 load of 40 billion yuan (about $6.17 billion) and some Chinese media claim that it is bankrupt. On Feb. 25, a video went viral, showing a large number of residents waiting in several lines in the village square to withdraw their money from Huaxi Group.... Epoch Times https://freerepublic.com/focus/f-news/3939074/posts#comment Wed, 3 Mar 2021 03:12:52 GMT