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Huaxi Village (), located in the east of the city centre of Jiangyin, in Jiangsu, claims to be the richest village in China. The Secrets of China's Richest Village Huaxi calls itself a model communism village.
According to the local authorities, all the villagers (but not the much more numerous migrant workers) have a wealth of at least €100,000. This is a substantial amount by Chinese standards. The village has a multi-sector industry company that is listed on the stock exchange, has bought airplanes and plans to buy ships. The villagers are shareholders and are paid one-fifth of the company's annual profits. In 2011 the company's turnover is expected to grow by about €6.5 billion.
In addition to 2,000 villagers, there are in the area about 20,344 migrant workers and 28,240 nearby villagers.
Wu Renbao (), the former secretary of Huaxi Village Communist Party Committee, developed a plan to turn what used to be a poor rural locality into a modern rich community. Wu Renbao was an investor in raw materials such as aluminium. His son, Wu Xiéen, is the current village chief.
A new landmark skyscraper in Huaxi Village, Huaxi, the Chinese model of richness the Longxi International Hotel, was opened when the village celebrated its 50th anniversary. Skyscraper hotel takes Huaxi village to record new heights
In February of 2021, media outlets began reporting on the possible decline of the village, with some stating that the Huaxi Group had lost between 390 million RMB (60,441,000 USD) to 435 million RMB (67,381,500 USD) which resulted in the dividends system shrinking from 30% of company profits to just 0.5%. It was also reported that the village has gone into 6 billion USD in debt.
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