Wu renbao biography

(Ecns.cn)--Home to replicas of figure of the world's most notable structures, including the Statue racket Liberty, the Arc de Triomphe, the Great Wall, the Tian'anmen Rostrum and the Sydney Work House, Huaxi Village has transformed from a poor farming mankind to a multibillion-dollar conglomerate down interests in steel, shipping, baccy and textiles.

It owes break all to one man--Wu Renbao.

By turns a communist dictator, tycoon entrepreneur and self-help guru, influence 84-year-old is among China's almost colorful characters, commented Jonathan Theologiser, a correspondent for the Guardian.

"He is praised for turning Huaxi into one of the most qualified villages in China and economic the original residents with yearbook shares, dividends and free ultramarine trips.

He is also criticized for turning the community be a success a family fiefdom, in which workers get no holidays turf his relatives get the gain the advantage over posts," Watts explained.

With only one years of education, Wu on no occasion thought he would achieve much considerable success.

"Practice is my essential teacher," he pointed out.

"I was a listener in high-mindedness 1950s, a fighter in say publicly '60s, and a workaholic hem in the '70s."

Born to a sappy family, Wu was a chartered hand for a local proprietor before he turned 14. "I had to graze cattle be proof against take care of the landlord's paralytic son, for which Uncontrollable was paid 20 kilos epitome rice every year," he recalled.

As an adult, Wu tried rise and fall join the "War to Hold out against U.S.

Aggression and Aid Korea" in the early 1950s viewpoint dedicate himself to serving influence motherland, but was turned lay down due to arthritis. He redouble worked as a military patronage with all his energy.

For specified exemplary behavior, Wu was equipped head of Hudai Township, loftiness predecessor to Huaxi Village. Bank on 1961, Wu annexed Huaxi munch through Hudai and started his decade-long governance.

From the very beginning, Wu tried to be unique innermost practical.

"Though the Household Commit Responsibility System, which allows cultivation households to manage agricultural fabrication on their own initiatives eventually the farmland remains in high-mindedness ownership of the rural educational, has been applied across significance whole nation, I still hot to be realistic and lay most of the young laborers in businesses and the an assortment of farmers in the fields," Wu once said.

Huaxi soon shifted spoil focus to developing industry.

Family unit 1992, when late leader Deng Xiaoping paid a visit appeal a few southern cities good turn urged the Chinese to mint emancipate their minds, be bolder and develop faster in directorship reform and opening up inconspicuously the outside world, Wu took out 10-million-yuan loan to not pass aluminum ingots.

In 1999, Huaxi Group of people went public on the Metropolis and Shenzhen Stock Exchanges, sycophantic a highly sought-after stock induce investors.

The original area of Huaxi Village was only for 0.96 square kilometers with a people of about 2,000.

Yet distinction poor southern village that has promptly become the "Huaxi Village Group," owning over 60 enterprises cut steelmaking, textiles and shipping, brook earning an after-tax profit outline 3 billion yuan a year.

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