Huaxi Village in Jiangsu Province, once touted by the Chinese regime as “China’s richest village,” is in financial trouble, a situation that reveals the corruption among the elites, experts say.
Huaxi Group, a company that’s collectively owned by the village and its residents, and has many sub-companies and listed affiliates, has a debt load of 40 billion yuan (about $6.17 billion), leading some Chinese media to claim that it’s bankrupt.
On Feb. 25, a video that showed a large number of residents waiting in several lines in the village square to withdraw their money from Huaxi Group went viral. Some residents told Chinese media that since Feb. 24, the dividend of Huaxi Group’s shareholding has suddenly dropped to 0.5 percent from 30 percent. Because the 30 percent dividend had lasted for several years, many villagers invested.
Mismanagement, faulty equipment, and unfair allocation of government compensation were common problems in China’s attempts to curb the spread of COVID-19, a nurse recently told The Epoch Times in an interview.
Liu Fen (alias), is a nurse at a healthcare center in eastern China’s Jiangsu Province. She shared some of the problems she witnessed while treating COVID-19 patients and doing pandemic prevention work.
Bad Quality Digital Thermometers
Liu revealed that faulty thermometers, which were purchased by the logistics division of her institution last year, are still in use.
“Every early morning, medical staff perform body temperature checks [on patients] when they begin a day’s work,” she said. “However, the digital thermometers cannot read temperatures accurately.”
For people who visit the center, they must first go through a pre-outpatient checkpoint station.