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Bonus time from projects for farmers and villagers
By Staff Reporters |
January 25, 2010, Monday
|
Print Edition
Print Edition
AS Chinese New Year draws closer, villagers in Jiading District are counting the bonus they received from collective projects.
Beneficiaries include 286 farmer shareholders at Taiping Village in Jiangqiao Town who got bonuses ranging from 1,200 yuan (US$175.726) to a maximum of 3,600 yuan.
Three years ago, they became shareholders of Shanghai People Industrial Co Ltd. Each year, the company achieves profit of about one million yuan and the bonus for shareholders reaches 650,000 yuan.
At Yongle Village in Nanxiang Town, more than 1,000 families received a bonus from 800 yuan to 1,000 yuan from the "Sharing Fund."
Three years ago, Shanghai Nanxiang Collective Asset United Association spent 40 million yuan to support funds at eight villages in the town and established an investment company. Forty percent of the company's annual profit is included in the "Sharing Fund" together with some amount of local fiscal revenue. The fund will be delivered to villagers as welfare.
Qiuqiao Village in Jiading Industrial Zone achieved an overall production value of 870 million yuan last year. The head of the village organized villagers to travel outside and buy insurance for them. In order to let the villagers have a better life, they returned more than one million yuan to them recently. The money spent for the villagers' welfare reached five million yuan last year.
Beneficiaries include 286 farmer shareholders at Taiping Village in Jiangqiao Town who got bonuses ranging from 1,200 yuan (US$175.726) to a maximum of 3,600 yuan.
Three years ago, they became shareholders of Shanghai People Industrial Co Ltd. Each year, the company achieves profit of about one million yuan and the bonus for shareholders reaches 650,000 yuan.
At Yongle Village in Nanxiang Town, more than 1,000 families received a bonus from 800 yuan to 1,000 yuan from the "Sharing Fund."
Three years ago, Shanghai Nanxiang Collective Asset United Association spent 40 million yuan to support funds at eight villages in the town and established an investment company. Forty percent of the company's annual profit is included in the "Sharing Fund" together with some amount of local fiscal revenue. The fund will be delivered to villagers as welfare.
Qiuqiao Village in Jiading Industrial Zone achieved an overall production value of 870 million yuan last year. The head of the village organized villagers to travel outside and buy insurance for them. In order to let the villagers have a better life, they returned more than one million yuan to them recently. The money spent for the villagers' welfare reached five million yuan last year.
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