Wednesday, April 12, 2006

People's Daily Online -- Charitable acts on the rise among China's rich

People's Daily Online -- Charitable acts on the rise among China's rich: "haritable acts on the rise among China's rich
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Charity is a common undertaking of China's rich, according to the newly released 2006 China Philanthropists List of the Hurun Report.

The philanthropy report, which names the top 100 Chinese donors, shows the age bracket of benefactors this year has enlarged since last year, when the youngest was 32 and the oldest 83, Wednesday's China Daily reported.

This year, Shenzhen entrepreneur Yu Pengnian, 84, became the oldest and the most generous man in China by donating 2 billion yuan (about 250 million U.S. dollars) since 2003, mainly to the health and higher education sectors."

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