Amid two high profile donations, China passed revisions to its 2016 Charity Law last month, but industry observers say the changes do not go far enough despite Beijing’s ‘common prosperity’ drive.
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At a time when many areas of the relationship are experiencing tensions, China and the U.S. have seen strengthened philanthropy cooperation ever since the outbreak of COVID-19.
The Yang Guoqiang family comes in fourth on 2021 Forbes China Philanthropy List
This marks the 13th time that the family has been included in the list
FOSHAN, China, July 24, 2021 /PRNewswire/ Country Garden founder and chairman Yang Guoqiang and his family were China s fourth most generous providers of charitable cash donations in 2021 according to the 2021 China Philanthropy List released by Forbes China on July 20, with the founder and family having donated 2.38 billion yuan (approx. US$357 million). This is the 13th time that the Yang family has been included in the list, reflecting his continuous contributions to worthwhile causes.
Over the past 20+ years, the Yang Guoqiang family, Country Garden Group and Guangdong Guoqiang Public Welfare Foundation have donated in the aggregate of over 9 billion yuan (approx. US$1.3 billion) for poverty alleviation, vocational education, teaching and scientific research, helping lift more than 490,000 underprivileged people out of poverty