Help the poor, Gates urges China鈥檚 rich in People鈥檚 Daily
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MICROSOFT founder Bill Gates yesterday took to the pages of the People’s Daily, the flagship newspaper of the Communist Party of China, to encourage people in China to do more for the poor.
“China has many successful entrepreneurs and business people. I hope that more people of insight will put their talents to work to improve the lives of poor people in China and around the world, and seek solutions for them,” Gates wrote in an editorial.
“Investing for the poor requires participation from the entire community.”
Philanthropy in China has yet to take off, as some wealthy Chinese fear generous donations could invite unwanted attention. China ranks towards the bottom of the list of countries where people give money to charity, volunteer or help a stranger, according to The World Giving Index, compiled by the Charities Aid Foundation.
The editorial by Gates, who runs the US$38 billion Bill and Melinda Gates Foundation, comes just days after the founders of Chinese Internet company Alibaba Group Holding Ltd announced the establishment of a charitable trust focusing on the environment and health which could be worth as much as US$3 billion.
“I believe the returns on investment in the poor are just as exciting as successes achieved in the business arena, and they are even more meaningful!” wrote Gates.
According to the World Bank, the average income per capita in China was US$6,091 in 2012. But the country’s rapid economic growth has exacerbated a rural-urban wealth gap, with people in many rural areas living on annual incomes below US$1,000.
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