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Wednesday, October 12, 2011
China grapples with charity - Fortune Management
China grapples with charity - Fortune Management: There are two reasons philanthropy gets people riled up in China. First, a fair number of rich folks there believe giving it away is antithetical to Chinese values -- which stress family above all. It's why some Chinese were upset when they heard (mistakenly) that Buffett and Gates were coming to tell rich Chinese how to give away their wealth. Many young Chinese were stunned when Buffett said he was giving most of his wealth to the Gates Foundation.
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