Millionaire Chinese businessman bulldozes huts in village where he grew up , Builds luxury flats for residents , For free
Xiong Shuihua paid for wooden huts he grew up in to be knocked down in Xiongkeng village in the city of Xinyu, southern China The construction and steel tycoon then spent millions replacing them with luxury flats for residents He has housed 72 families to repay them for their kindness in his youth A further 18 families who were particularly kind will be provided villas to live in Elderly and low paid residents will also be given three meals a day for free
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A multi millionaire Chinese businessman has bulldozed the wooden huts and muddy roads where he grew up - and built luxury homes for the people who lived there.
Xiong Shuihua was born in Xiongkeng village in the city of Xinyu, southern China and said that his family had always been well looked after and supported by residents in his childhood.
So when the 54-year-old Xiong Shuihua ended up making millions in the steel industry he decided to repay the favour - for free.
The business tycoon decided to return to the village and give everybody a place of their own to live.
Until 2008, the area was run down and many lived in basic homes mostly huts and has been transformed in recent years and now 72 families are enjoying life in luxury new flats.
Xiong Shuihua said: 'I earned more money than I knew what to do with, and I didn't want to forget my roots.
'I always pay my debts, and wanted to make sure the people who helped me when I was younger and my family were paid back.'
Elderly local Qiong Chu, 75, said: 'I remember his parents. They were kind-hearted people who cared very much for others, and it's great that their son has inherited that kindness.'
Image - source - dailymail