Villagers enjoy dividends of collective economy in Huaxi

Villagers queue up to receive their dividends. [Photo/WeChat account of Huaxi district]

Wuxing village in Mengguan township, Huaxi district held a village collective economic dividend distribution meeting on Jan 10. With over 900,000 yuan ($125,190) in cash neatly arranged on the table, villagers queued up in an orderly manner to receive their dividends.

Just a few short years ago, Wuxing village was still a traditional agricultural village where local residents primarily made a living through farming. With the establishment of the Mengguan Automobile Trade City, there has been a rapid and transformative change in the local economic and social landscape.

As more businesses emerged and the area became more vibrant, an increasing number of local residents engaged in various business activities.

"With the increasingly active economy, street-facing storefronts have gained more commercial value. The village rents out the village comprehensive building to the public, along with industrial buildings, water plants, and other industries and resources. The collective income of the village now reaches 2.1 million yuan annually," explained Lu Xun, head of Wuxing village.

He further mentioned that the current income of the village's collective economy is stable but lacks diversification. In the future, adjustments and optimizations may be made according to the development situation to ensure the continuous growth and strengthening of the village's collective economy, allowing all residents to enjoy the dividends of development.