Cooperative economy helps small village prosper in north China
China has eradicated extreme poverty. Now the country aims to guarantee a better life for people living in rural regions. Some villages are way ahead of the curve. And Jiajiazhuang Village is one of them, where a unique cooperative economy is helping benefit everyone in the village.
The cooperative economy, also known as a rural collective economy, sees local officials distribute profits from various sectors to villagers based on their shares in local businesses.