The great haul of China: Huge wall of cash worth £1.3million set to be distributed to villagers who all have a stake in business co-operative

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Villagers built a great wall of cash in China after their cooperative stacked up huge profits.

The giant wads worth 13 million yuan (£1.3million) in total were laid out in a 2m tall ‘money wall’ at Jianshe village in the Lianshan municipality, in south-west China’s Sichuan province.

Several residents even slept on the notes overnight to guard them from thieves before the end of year bonuses were distributed the following day.

 

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Yang Huai, who received 200,000 yuan, said it had been a custom in the village since 2010 to distribute the bonus in cash before the Chinese New Year.

Some 340 out of a total number of 483 households are the shareholders of a rural cooperative established that year, which profits from pig farms, cherry orchards, and its investment in four small scale hydropower plants in Sichuan, said a village official surnamed Zhu.

The villagers are guaranteed an annual bonus, despite villagers not being directly involved in the cooperative’s daily operations.

 

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