Farming cooperative turns Sichuan village into rich town
January 17, 2014 Leave a comment
Farming cooperative turns Sichuan village into rich town
Staff Reporter
2014-01-17
The farming cooperative has found itself an exemplar in a village in southwest China’s Sichuan province. Its residents, known now as “tuhao” (nouveau riche), made 13 million yuan (US$2 million) in 2013.The 340 families composing the cooperative celebrated their earnings with a 150kg cash mountain on Jan. 14. Some villagers said their hands went weak after counting the money, reports the Sichuan-based West China City Daily.
On the day of divvying out the money, the Liangshan villagers built a “wall” allegedly over 2 meters high, with some posing for pictures with their achievement. Then the cash was split according to the family’s stake in the cooperative. The highest payout was 300,000 yuan (US$50,000), and the lowest 10,000 yuan (US$1,650). In comparison, the 2010 average disposable income of rural residents in the province was 5,194 yuan (US$895).
“We slept on a bed made of 8 million yuan (US$1.3 million) and pillows made of 4.2 million (US$694 million). The rest of the money was put aside,” said one of the villagers guarding the money. He could not sleep while responsible for the cash lying out in the open, he said.
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