Chinese Village of 35,000 Boasts Skyscraper

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June 14 (Bloomberg) -- Bloomberg's Stephen Engle reports from Huaxi, China, claimed to be the country's richest village. Huaxi's leaders took a farm community with bamboo huts and ox carts in the 1970s and transformed it into an industrial and commercial powerhouse where today many of its 35,000 residents live in mansions and most have a car. (Source: Bloomberg)

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