Chinas new rich close their pockets to charity offers

Chinas new rich close their pockets to charity offers

Chinas new rich close their pockets to charity offers the word philanthropy is believed to be over 2500 years old and is a mix of the Latin words for "loving" and "human kind"; philanthropy was also the focus of a talk planned by Mr. Bill Gates and Mr. Warren Buffet to 50 of Chinas richest people. The talk was scheduled to take place in Beijing during mid September 2010 and involved the two men first speaking about their ideas concerning the subject of kindness, love and giving followed by them inviting the members of the group to give away a substantial portion of their money to good causes, both now and when they inevitably pass away. Unfortunately Bill and Warren didn't make it to Beijing and ended up cancelling their philanthropic mission due to a dwindling turn out, in the end there was only 2 of the initial 50 on the confirmed list. Chinas mad rush to become a modern economy as fast as possible has left a lot of people behind; there is a very wide gap between the rich and the poor. This recent lack of enthusiasm from Chinas upper class was leaked to the newspapers and has started quite a stir, with people on all sides debating the meaning behind this show of non-care by people who have more than enough money to see them through 10 life times. Do rich Chinese people not care? This was the main question on every one's mind, the actions of the 48 tycoons has only angered those who have nothing good to say about the rich and has confirmed any of their questions regarding the ideals held by those whose only concern is to make and possess money. On the other side people left messages on well known Chinese news websites saying that the whole thing was a conspiracy, created by the Americans to cause confusion and put doubt into the mind of the average Chinese worker.

According to the Chinese translation Company, Warren Buffet did write a letter to the tycoons telling them that they were coming to Beijing just to listen because he understood that "China had a different tradition of philanthropy to the West". He hit the nail right on the head; Chinas philanthropic activity is tiny in comparison to the US's, but this doesn't mean that rich Chinese people don't have the heart to give away their money to good causes. In fact there are probably many more charitable offerings given to various charities each year in China than we think, it's just we don't hear about them. In the US if the owner of a large chain of supermarkets were to hand over several hundreds of thousands of dollars to a well known charity in return they would be given quite a bit of positive publicity. Their brand name would be shown together with the charity advertisements and they might receive a report in the papers telling of their generosity. In China most philanthropic activity is kept out of the newspapers and away from any unwanted public or governmental attention.

According to an article by Chinese translation, China has created just over 110 billionaires in under a decade and it is possible that a number of these rich tycoons made most of their money under dubious circumstances. Whether they want to give money to charity in a show of public kindness, they fear for both jealousy from those around them and the sudden interest from the government agencies regarding their business practice. Unique stories like these are constantly coming out from behind the Chinese border; if you enjoyed the news report above or you have a mandarin news report that you would like translated into English then Chinese English translation can offer a range of quick and efficient solutions.

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