Once bankrupt dairy farm churns out profits

Before she assumed control of a bankrupt State-owned dairy farm, Wang Jin worked as an accountant at a glass manufacturer in Huaibei city in the eastern province of Anhui.

In addition to all the farm's debts and poor management systems, she inherited 93 employees. Although they were skeptical at first, most of the original members of staff have witnessed how the company has become one of the largest dairy producers in the province, with sales revenue of more than 600 million yuan ($91 million) last year.

In the early 2000s, dozens of State-owned dairy farms in the province were sold to private businesses. Wang's older brother, who was born in Huaibei, was noted running a profitable engineering company in Beijing, so the Huaibei government asked him to take over the farm.