外文标题：China’s tribe of billionaire philanthropists growing
BEIJING: Fans across the world know him for his martial arts prowess but few are aware that Hollywood action-man Jet Li has another side to him. Li’s One Foundation — which he founded after he narrowly missed being drowned during the Indian Ocean tsunami in 2004 — recently raised almost 90 million yuan (about Rs 90 crore) for carrying out rehabilitation work in the Ya’an area of Sichuan province which was hit by a massive earthquake in April this year.
Li is one of the more high-profile faces of a growing tribe of Chinese billionaire philanthropists. According to Shanghai-based research firm Hurun, China surpassed the US this year as the country with the maximum number of billionaires. Many of them — like real estate tycoon Hui Ka Yan who topped the Forbes 2013 China philanthropy list with almost $68 million donations — are now beginning to give back to the country through non-profit projects.
Some like Wang Jianlin, chairman of Dalian Wanda Group, which among other businesses, owns the largest chain of movie-theatres in the country, pledged $150 million to help rebuild the Porcelain Tower, a historic temple that dates back to the Ming Dynasty. Eccentric billionaire Chen Guangbiao who made news by selling cans of fresh air in smog-hit Beijing, has pledged to give all his fortune to charity after he dies.
So what has led to Chinese billionaires developing this altruistic streak? “The huge economic growth in China has brought with it both environmental and social deficits, and there is increasing expectation that those who have benefited from growth, will play their role in addressing these deficits,” says David H Evans, head of philanthropy and values-based investing for Asia-Pacific at UBS Wealth Management.
是什么催生了中国亿万富翁的利他倾向？“中国巨大的经济增长带来了环境和社会赤字，人们对那些从发展中受益的人在弥补这些赤字方面发挥作用的期望越来越大。”瑞银财富管理亚太慈善和基于价值观投资负责人David H Evans说道。
Another significant reason is the revival of Chinese traditional culture and values after the end of the Cultural Revolution in 1976. “The rampant restoration of Chinese traditional religions, mainly Confucianism, Buddhism, and Daoism, has been playing a vital role in the rise of Chinese billionaire philanthropists since many of them are followers or supporters of traditional values,” says Qinghong Wang, an expert on China at Hawaii’s East West Center.
“A large group of Chinese billionaires also look at philanthropy as a means to implant Chinese traditional values in their children, their employees, and their communities,” he adds.
Although the Chinese government doesn’t have a focused policy to promote private philanthropy, it is trying to get its act together . New charity laws and regulations have been introduced since the late 1990s, especially the “Regulations for the Management of Foundations” which came into effect in 2004 and was the first comprehensive national rule on the subject in over 15 years.
“Unlike many Chinese people who look at the rich with distrust and are cynical about the sources of their wealth, the communist government doesn’t treat rich philanthropists with suspicion,” says Lu Dezhi, chairman of the Huamin Charity Foundation.
The primary reason for the distrust among average Chinese of billionaires giving away wealth is that it is ill-gotten or that they are trying to evade taxes. In that sense, says Evans, the situation in China is similar to that in America in the late 19th and early 20th centuries. “In the US, enormous growth allowed certain individuals to amass huge personal wealth apparently miraculously in a short space of time,” he says.
“Men such as John D Rockefeller, Henry Ford and Andrew Carnegie were subject to immense suspicion and criticism. Yet today, we honour their incredible philanthropic legacies with scarcely a thought as to the “true” motives of the founders. I believe the next few years will see the emergence of similarly influential philanthropic organisations in China.”
Shabin Sajan (Kochi Kerala)
jet li ..unsung hero
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Great work by the martial art champion and other billionaires of China worthy of emulation by the Indian billionaires.
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Jwalant Rawat (Pune)
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BC MENON (ALAPPUZHA)
That is good side of China.
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When india will grow like this ??
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I yet have to hear a single similar act by Ambanis. Other billionaires of India are busy becoming trillionaires, no wonder we are not China. we lack nationalism big time.
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Notes of a Madman (Hindu Republic of India)
In INDIA R@pists are growing by leaps and bounds. All Hindu Muslim Sikh Isaai are contributing to it…….Jai Hind 😉
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Most surprising but certainly laudable piece of information that China has more number of billionaire philanthropists that USA. China should be proud of it.
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Srinivasan M (Ahmedabad, Gujarat)
Indian billionaires better learn something good from China.
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B R V SHANBHAG (bangalore)
I am impressed with Lis action. Many earn money but few use it for the help of troubled people. Chinese people work hard and there is nothing they cannot achieve, so it is no surprise if there are more billionaires in china than in any other countries..
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India’s tribe of beggars is growing due to Muslim Italian Congress.
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Most of the wealth obtained in India is via corruption (and politicians being conduit). There are some exceptions such as Birla, Tata, Murthy, etc… How can Indians donate money when they acquired it illegally?
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R G KRISHNAN (Mumbai)
Fantastic .philanthropic tendency is inherent in those people who care for human welfare. Here in India earnings from scams – it is not even their father’s money – still the scamers refuse to part with for philanthropic purpose. A very few Aziz Premji and Rajnikant are there in India who give away their hard earned money.
真是不可思议，那些关心穷苦大众的人天生就喜欢搞慈善。有些财富是从丑闻中捞取的，甚至不是从父亲那里继承来的，可那些骗子还是拒绝把钱捐出去用于慈善。只有很少一部分人，比如 Aziz Premji 和 Rajnikant 会把辛苦赚来的钱捐出去。
Raja Sekhar ()
In India the big shots don’t need to give back , it’s more than enough if they don’t continuously take away what’s there of people’s money (scams).
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Umesh Rai (Noida)
can our Indian billionaires think like them??
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Balkrishna Panday (Noida, India)
I am not so sure of the Chinese Billionairs altruistric streak being inclusive of the interests of their concubines. The traditional values possibly did not mind the donors being surrounded by the beauties and their favours. Someone may like to throw light on this feature of Chinese culture.
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chris Chhetry ()
Media houses and public should give more exposure to those rich people who donate their money for philanthropic activities. The magazine which publishes the list of the rich of the world should publish the list of these kind of people who are mentally and spiritually rich.
But real China die in its ethics!!!
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If China’s tribe of billionaire philanthropists is growing, then India’s tribe of billionaire politicians is growing FASTER !
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Sumant Chavan (Shrirampur)
China’s growth is sincere and surprising!
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