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Huaxi, considered to be China's richest village, is celebrating its 50th anniversary with the inauguration of a 328-metre-high skyscraper hotel.

The village, located in east China's Jiangsu province, with a population of about 2000 people, has become the first rural area in the world to have its own skyscraper.

The Longxi International Hotel ranks as the 15th-highest skyscraper in the world, standing taller than Paris's Eiffel Tower (324m) and the Chrysler Building (319m) in New York.

The 74-storey hotel was built at a cost of three billion yuan (nearly $471m) by raising 10 million yuan from each family in the village.

Al Jazeera's Florence Looi reports.

Source: Al Jazeera