An opening ceremony has been held for a newly built 328-meter-high hotel in Huaxi village, the richest village in China, in Jiangyin, East China's Jiangsu province, Oct 8, 2011. The hotel was built at a cost of three billion yuan (nearly $471 million) by raising 10 million yuan from each family in the village. It is a symbol of rural urbanization, according to Wu Renbao, former Party secretary of Huaxi village. [Photo/CFP]