Huaxi villagers may initiate a 'bank run'
China’s richest village may be saddled with $5.8 billion in debt
Huaxi Village, in Jiangyin City, Jiangsu Province, known as the "First Village," is the most prosperous in China. However, it's reported that the village is saddled with $5.8 billion (40 billion yuan) in debt and is on the verge of bankruptcy. From the beginning of 2021, investors revealed to "The 21st ...
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