This is a Chinese wood carving of a Money Bag. The Money Bag is a symbol of wealth and abundance and is used in Feng Shui as a way to invite prosperity. 

This carving measures about 6" tall by 4 1/4" in diameter (15 x 11 cm) w/o the stand. Having been carefully displayed for many decades it is in good condition though the wood split on one side after the carved was finished.