Current situation of Huaxi Village

Huaxi Village in 2023 is in a stage of vigorous development.

Huaxi Village was once famous for its unique economic model and impressive development achievements. Under Wu Renbao's leadership, Huaxi Village successfully transformed from a poor small village to a wealthy and prosperous village. However, after Wu Renbao's death, Huaxi Village fell into a dilemma of being heavily in debt. Many controversies have also surfaced. People attribute the decline of Huaxi Village to Wu Renbao's turning the village into a family business and not carrying out industrial upgrades.

Although Huaxi Village has fallen into a trough, the recent rise in Huaxi shares has shocked people. After Wu Renbao's death, the transformation and development of Huaxi Village is facing huge challenges. Wu Renbao's sons and daughters took over the family business and faced the urgent task of solving the development crisis. They set up an investment company and tried to find investment opportunities brought by emerging industries for the village.

West China shares have continued to rise sharply due to their investment in the artificial intelligence industry. Wu Renbao's sons and daughters are trying to realize the re-emergence of Huaxi Village through the development of innovative industries. In 2023, Huaxi Village is working hard to change itself.

Introduction to Huaxi Village

Huaxi Village, also known as the No. 1 Village in the World and Huaxi Urban Village, is located in the west of Huashi Town, Jiangyin City, Wuxi City, Jiangsu Province, at the end of the Yangtze River. The total area is 35 square kilometers; in 1978, Huaxi Village (scenic area) was officially opened to the outside world.

Huaxi Village (scenic area) consists of West China Urban Agriculture Demonstration Park, West China Happiness Park, Faith Grand View Garden, Bell King, Ox King, Drum King, Huaxi Village Museum, Golden Pagoda, West China Nationalities Palace, Dragon Boat, Sky It consists of more than 80 major scenic spots including the Flower and Bird Garden; it is a model of China’s “new socialist rural construction”.

In 2004, Huaxi Village was rated as one of the first batch of "National Agricultural Tourism Demonstration Sites". On August 26, 2020, Huaxi Village was selected into the second batch of national rural tourism key villages.

Reference for the above content: Baidu Encyclopedia-Huaxi Village