VOA News - China's Rich Becoming More Generous: "China's Rich Becoming More Generous
By Claudia Blume
Hong Kong
29 April 2006
A growing number of China's newly rich are giving away some of their wealth to the less fortunate.
Yu Pengnian, 84, has donated $250 million to charity in the past few years. The entrepreneur, who made a fortune in the real estate and hotel business in the southern province of Guangdong, is not only the oldest but also the most generous among China's growing number of philanthropists.
Private charity was put on hold in China for several decades after the Communist Party came to power in 1949. The party wiped out private wealth and became the sole provider of social services for more than 30 years."
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