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Curbing rampant pseudo-charities
By Wenhui Daily |
March 20, 2012, Tuesday
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Print Edition
Print Edition
ON March 15, in marking the World Consumer Rights Day, China Central Television exposed how a self-styled "charitable" organization had made a huge fortune by palming off overpriced eyeglasses on students.
The entity in question, "Chinese Student Eye Protection Association," turned out to be an extremely profitable company.
The company was originally registered as a business in Hong Kong in 2010, but was advertised as a charitable establishment on the Chinese mainland, using falsified registration documents.
This status enabled the organization to set up an extensive network involving hundreds of chain shops across the country.
Its charitable image won it easy access to schools, and enabled it to sell a pair of glasses valued at 60 yuan (US$9.50) for 489 yuan (US$77) to the children.
One chain shop operator in Shandong Province admitted to clearing a profit of more than 1.23 million yuan the first year it became a franchise.
This particular case of fraud again dramatizes the lack of effective supervision over the numerous charitable enterprises in China.
While this company can be punished for being guilty of "illegal operation" or for falsifying paperwork, what we truly lack is a way to crack down on the most outrageous of all crimes - turning a good profit under the guise of charity.
In this particular case, indignation, disdain are simply not enough.
Only by building up a management environment conducive to the establishment and healthy development of really charitable enterprises can we hope to curb the rampant growth of pseudo-charities.
The entity in question, "Chinese Student Eye Protection Association," turned out to be an extremely profitable company.
The company was originally registered as a business in Hong Kong in 2010, but was advertised as a charitable establishment on the Chinese mainland, using falsified registration documents.
This status enabled the organization to set up an extensive network involving hundreds of chain shops across the country.
Its charitable image won it easy access to schools, and enabled it to sell a pair of glasses valued at 60 yuan (US$9.50) for 489 yuan (US$77) to the children.
One chain shop operator in Shandong Province admitted to clearing a profit of more than 1.23 million yuan the first year it became a franchise.
This particular case of fraud again dramatizes the lack of effective supervision over the numerous charitable enterprises in China.
While this company can be punished for being guilty of "illegal operation" or for falsifying paperwork, what we truly lack is a way to crack down on the most outrageous of all crimes - turning a good profit under the guise of charity.
In this particular case, indignation, disdain are simply not enough.
Only by building up a management environment conducive to the establishment and healthy development of really charitable enterprises can we hope to curb the rampant growth of pseudo-charities.
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