With their year-end dividends in pockets, villagers in Hongtang Sub-district of Jiangbei District enjoyed a happy Chinese Lunar New Year.
Jiangbei District, located in the outskirts of Ningbo, is characterized by its profitable rental properties. Rental income makes an important part of annual income in the villages, thus the dividend distribution is a major event for the villagers. According to statistics from local Water Conservancy Bureau, by the end of 2011, 11 villages had completed the shareholding cooperative system reform, with a total 103 villages under the reform. In 2011, the income for distribution in Jiangbei District totaled 234 million yuan, with 87,000 villagers receiving dividends, or 2689 yuan per capita, an increase of 22.73% year on year.
It is known that the majority of economic cooperation on villagers share-holding basis runs in the form of building factories and proprietary lease. “By doing so, we ensure the original value of our collective assets without taking much risks. That’s why it has become our first choice.” said an official from local Water Conservancy Bureau. He added that the implementation of the reform quantifies the collectively owned assets to households and individuals. In doing so, the farmers have the right to know, to participate and decide the management of their collective assets in the true sense
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