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Home - China: Behind The Scenes - Philanthropy In China

Philanthropy In China

Nov 18, 2010

Tags: philanthropy,china

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[2010/11/20] Behind The High-rise
[2010/11/18] Philanthropy In China
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Now earlier in our Hot Comments section we mentioned the plans of Chinese philanthropist Chen Guangbiao to donate his wealth to the charity foundation set up by Bill Gates -the founder of Microsoft.

Gates and investor Warren Buffett are behind the Giving Pledge campaign which calls on the most affluent families and inpiduals in the US to donate at least 50 percent of their fortune to philanthropy in their lifetimes or soon after their deaths. So far around 40 American magnates have signed up.

Here in China 50 super-rich Chinese recently received an invitation to a banquet with Buffett and Gates during their visit to Beijing later this month. However, some of them reportedly hesitated about accepting - worried that the cost of the evening would be charity pledges. Our reporter Julia Liu went out on the streets of Beijing and asked some less wealthy Chinese people what they thought about this financial shyness.
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