Charitable donations lag far behind US, UK
By Li Xinran |
November 3, 2010, Wednesday
|
Print Edition
Print Edition
DOMESTIC donors last year chipped in 33.2 billion yuan (US$4.96 billion) for charitable giving, or 0.01 percent of the country's gross domestic product, compared with the 2.2 percent of GDP donated by people in the United States, according to a study by China's top think tank.
China's increase of 3.5 percent in charitable donations from a year ago was not enough to narrow the gap between each of the other four countries - the US, Britain, Brazil and India - picked as samples for the study.
According to the 2010 bluebook of domestic philanthropy by the Chinese Academy of Social Sciences, the number of private foundations in the country reached 800 last year due to the rise of new types of charitable donations, such as giving company shares or online fundraising.
China even lagged behind emerging market countries like Brazil and India.
A co-writer of the bluebook, Yu Zhiqiu, told Beijing-based Legal Evening News that invisible donations were not included in the study. Yu told the newspaper that China's charities received much more if these donations were included.
The invisible contributions mainly went to infrastructure projects or were spent on churches and temples, as well as financial aid to seniors, Yu added.
Real estate developers were the most generous donors, the study found.
China's increase of 3.5 percent in charitable donations from a year ago was not enough to narrow the gap between each of the other four countries - the US, Britain, Brazil and India - picked as samples for the study.
According to the 2010 bluebook of domestic philanthropy by the Chinese Academy of Social Sciences, the number of private foundations in the country reached 800 last year due to the rise of new types of charitable donations, such as giving company shares or online fundraising.
China even lagged behind emerging market countries like Brazil and India.
A co-writer of the bluebook, Yu Zhiqiu, told Beijing-based Legal Evening News that invisible donations were not included in the study. Yu told the newspaper that China's charities received much more if these donations were included.
The invisible contributions mainly went to infrastructure projects or were spent on churches and temples, as well as financial aid to seniors, Yu added.
Real estate developers were the most generous donors, the study found.
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