A village in central China's Hubei Province started sending each of its villagers a gift gold bar worth more than 36,000 yuan (US$5,666) yesterday in gratitude for their contribution as the village celebrated its 20th year anniversary.

The fairy tale-like story taking place in a Chinese village has raised a stir on the Internet and created envy online.
 

The Yujiatou Village of Wuhan City, capital of Hubei Province, spent about 34 million yuan purchasing gift gold bars made-to-order from Shanghai half a month ago in order to celebrate the special occasion. Each gold bar, weighing 100 grams, has slightly increased in value and now is worth more than 36,000 yuan as gold's value has risen, village authorities said.
 

Each of its 1,001 villagers will receive a bar engraved with his or her name along with specially designed auspicious patterns.
 

Villagers said besides the gold bars, they were also to receive other bonuses including cash and houses distributed by the village administration.
 

The village has another name - Yujiatou Group Co Ltd. Each adult villager is a shareholder in the firm. They authorized the village authority to use their land to operate businesses such as building commercial projects and renting space.
 

The villager shareholders traditionally get a bonus at the end of each year.
 

"The real value of the gold bar far surpasses the figure on its price tag. It carries the glory and contribution of each villager over the past 20 years," said Zheng Qijun, a member of the village company board.
 

Comments (0)

Name

Email

Title

Comment

smaller | bigger

Subscribe via email (Registered users only)

I have read and agree to the Terms of Usage.

Write the displayed characters

Add Comment