Dushan County, Guizhou is in debt of 40 billion! What exactly happened? How was it used? Detailed reasons revealed!

The first impression of Guizhou is that it is relatively poor, but with the advancement of the country's poverty alleviation work, many areas have been lifted out of poverty. Recently, a news report about Dushuang County in Guizhou having a debt of 40 billion yuan caused an uproar. What exactly happened? What was the debt money used for? How was it used?

1. What exactly happened to Guizhou’s Dushan County’s 40 billion yuan debt? How was it used?

Last year, due to some reasons, the debt of Dushan County once reached 40 billion yuan. You should know that even today's Dushan County has a total GDP of only 3 to 4 billion yuan a year. On average, every person in Dushan County has a debt of 110,000 yuan, which means that it will take at least ten to twenty years to pay off all these debts. This is not good news for Dushan County.

But even so, the residents of Dushan County still believe that "no matter how bleak the reality is, the ideal must be full." In order to attract more tourism companies to settle in, Dushan County specially built the "No. 1 Water Tower in the World". The Water Tower is a building with elements of the Buyi and Miao ethnic groups, and the Water Tower in Dushan County is the best of them.

The "No. 1 Water Conservancy Building in the World" covers a total area of ​​5,900 square meters, is 99.9 meters high and has 24 floors. It is currently the largest and most spectacular aquarium building in the world. In addition, the "No. 1 Water Conservancy Building in the World" has won three Guinness World Records: the world's tallest glazed pottery building; the world's tallest building with Shui, Buyi and Miao ethnic elements; and the world's largest archway.

Originally, the Water Conservancy Bureau Building was going to boost the tourism development of Dushan County. After all, it is a building that integrates exhibitions, expositions, and tourist accommodation. However, the good times did not last long. Due to debt reasons, the Water Conservancy Bureau Building was almost completed in 2018, but due to the lack of companies to move in and some local reasons, the Water Conservancy Bureau Building had to become an unfinished building.

2. Introduction to Dushan County Dushan County, which belongs to Qiannan Buyi and Miao Autonomous Prefecture of Guizhou Province, is located at the southernmost tip of Guizhou and borders Nandan County of Guangxi. It is the only way for Guizhou Province and even the southwest to enter the Guangdong and Guangxi seaport. It guards Guangdong and Guangxi to the east, looks at Yunnan and Guizhou to the west, controls ASEAN in the south, and reaches Tianfu in the north. It is known as the "Southern Gate of Guizhou" and the "Gateway to the Southwest". It is an important town in southern Guizhou and an open frontier connecting the western region with the central and eastern regions.

Borrowing money for development is like a person borrowing money to do business. If you make money, you can enjoy a happy life; if you lose money, you will be burdened with debt. Dushan is burdened with 40 billion yuan in debt.

Based on the population of 360,000 in Dushan County, the average debt of each Dushan resident is 110,000 yuan. The average income per capita in Dushan is only around 20,000 yuan. Even if one does not eat or drink, it will take five years to pay off the loan.