Latest News:  
Beijing   Sunny/Cloudy    13 / 1 ℃  City Forecast

English>>China Society

Chinese charity caught in financial statement controversy (2)

By Zhong Qun and Cheng Yunjie (Xinhua)

11:06, December 13, 2012

"This is not a small sum. People from the CCAFC need to explain to us what happened," wrote a blogger with the screen name "zatanweiba."

"I will never donate my money to any charity organizations in the future," added "maizideniang."

In response to the criticism, the CCAFC publicly apologized on Tuesday, attributing the disputed cash flow to an accounting mistake regarding other monetary assets, and uploaded a statement detailing the movement of other monetary assets on its official website as evidence.

The foundation's full cash-flow statement, balance sheet and income statement, which may offer a clear explanation of its financial activities, however, are not available to the public.

Jiang Ying, a representative for the CCAFC, told Xinhua over the phone that a serious accounting mistake was to blame for the controversy.

【1】 【2】 【3】 【4】 【5】 【6】

We Recommend:

China in 1942, a real history

'Devil' foreign instructors in China

Beautiful model at Guangzhou Auto Show

Nutritious lunch provided in Taipei

Photos of China 30 years ago

AK-47-equipped teacher creates buzz

Lunch in Beijing's primary schools

Say no to vicious cycle of ugliness appreciation

Challenges remain for smoking ban


Leave your comment0 comments

  1. Name


Selections for you

  1. Special police force holds competition

  2. Newly recruited PLA soldiers join units

  3. "triple 12 day" weddings in Singapore

  4. Day to remember as couples tie the knot

  5. Nanjing Massacre victims remembered

  6. Guangzhou gives cash for green cars

  7. Creative Shanghai feast for this Christmas

  8. 33 Reasons Why Snow Is The Best

Most Popular


  1. China firms 'don't communicate enough'
  2. Who can free Chinese couples from baby tangle?
  3. No easy path in sight for China's economic future
  4. Worries about combating corruption online
  5. 'Urban diseases' challenge 'beautiful China'
  6. Cultivating a natural lifestyle at Green City
  7. ASEAN economies poised to keep robust growth
  8. Translation industry needs legislation and regulation
  9. Mo mania's impact on Chinese writing

What’s happening in China

Snow hits capital of China, flights delayed

  1. Cop cleared of graft suspicion after speedy probe
  2. Santa mails Christmas wishes home
  3. China's farmland area steady for three years
  4. Netizens make wishes at end of Mayan calendar