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Chinas
Philanthropists Thin on the Ground
Just 30 percent of the Forbes 2003 Chinese rich list that appear on the Forbes 2004 honor roll of Chinese philanthropists come from Chinas mainland, their charitable donations accounting for a mere fraction of their total assets. A full 70 percent of donations received by Chinas
largest philanthropic group, the China Charity Federation, comes from
abroad, Hong Kong and Taiwan, while those from inland China amount to
less than 15 percent. Chinas wealthy elite is now being called upon
to take on greater social responsibility.
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