Friday, June 25, 2010

Chinese Philanthropy Gets Official - China Real Time Report - WSJ

Chinese Philanthropy Gets Official - China Real Time Report - WSJ: "When Bill Gates and Warren Buffett recently called for all billionaires to give away half of their wealth, Wang Zhenyao thought China should have a similar formula. We need a Bill Gates and a Warren Buffet in China, Wang says.

Wang, the head of China’s first philanthropic research institute, is calling on all Chinese billionaires to donate a million yuan a year to charity. Wang says multimillionaires should give a hundred thousand yuan annually."

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