Nestled in the heart of Jiangsu Province, China, Huaxi Village has earned the prestigious title of the Richest Village In Asia. This small yet extraordinarily prosperous village is often referred to as the “Number One Village Under the Sky.” Huaxi’s unique model of communal wealth, shared prosperity, and collective economic success sets it apart from any other rural settlement in the continent. The Historical Background of Huaxi Village Founded in 1961, Huaxi Village was initially an impoverished and remote area. Under the visionary leadership of Wu Renbao, the village transformed into a symbol of China’s rural development miracle. Wu Renbao, who served as the village’s Communist Party Secretary, introduced a communal wealth model that focused on industrialization and shared prosperity. His philosophy was simple: collective effort and shared success.