By Andrew Yeh in Beijing
Published: June 2 2006 18:11 | Last updated: June 2 2006 18:11
China’s not-for-profit sector has failed to develop, hindered by a shortage of domestic donations and inefficient ways of channelling funds to grassroots groups, according to research by consultancy McKinsey.
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“China is probably the most underdeveloped philanthropic market globally [relative to other large economies],” said Andrew Grant, head of McKinsey for greater China. “It’s an engine that China desperately needs.”"
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