Xinsanyuan village in Tongzhou district, Nantong, East China's Jiangsu province has been making strides in common prosperity in recent years, local media reported.

Presently, the collective assets of the village are worth 100 million yuan ($14.26 million). In 2020, the village generated a revenue of 44 million yuan and the per capital income of farmers was 29,000 yuan.

To help residents become more employable, the village has provided more than 70 people with skills training.

In addition, more than half of the farmland in the village has been rented to contractors who have used the space to plant grains and develop agriculture facilities. This initiative has significantly improved livelihoods as villagers now earn additional income through the rental of their land and working for the contractors.

Besides agriculture, the village has also made strides in the development of the collective economy. Eight properties owned by the collective now rake in a few million yuan in rent annually.

Meanwhile, new amenities like libraries and cultural gardens have been built in the village to enrich the lives of the residents.