Millionaire Chinese businessman bulldozes run down huts in village where he grew up and builds luxury flats for residents instead... for free

A 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 ended up making millions in the steel industry he decided to repay the favour - for free.

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A 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

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Xiong Shuihua (pictured) 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

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After making his millions, the business tycoon decided to return to the village and give everybody a place of their own to live

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The 54-year-old even promised three meals a day to the older residents and people on a low income to make sure they could get by

The business tycoon decided to return to the village and give everybody a place of their own to live.

Five years ago, the area was run down and many lived in basic homes.

But the area has been transformed in recent years and now 72 families are enjoying life in luxury new flats.