Charity a new concept in China

Over the last ten years, the average personal donation made by the Chinese population has been only 1.7 yuan (21 U.S. cents), the China Youth Daily quoted a source with the Children's Foundation of China as saying.

"Charity in China has much room for improvement and the government should reduce tax on donations to encourage more giving from companies," said Tian Di, director of the managing committee of the Foundation's minors' ideological and moral education branch.

No more than 100,000 Chinese companies, a mere one percent of the country's 10 million registered firms, have had a history in making donations to charity, according to the National Development and Reform Commission.

"China needs to create a credible, transparent and self-disciplined charity system with independent third-party evaluation which receives supervision from government, media and all of society," the newspaper quoted Tian as saying. "People can be confident about where their donation goes if the charity organization has a high credibility."

It is estimated that by the end of 2004, about 5 billion yuan (617 million U.S. dollars) had been donated to China's charitable organizations, accounting for 0.05 percent of the gross domestic product. In comparison, it was 2.17 percent in the United States

[Source: Xinhuanet]

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