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English>>China Society

Charity donations in China exceeds 100 bln yuan in 2014: Report

(CRI Online)    11:18, September 20, 2015

(File photo)

Donations from home and abroad to charities in China have surpassed the 100 billion yuan mark in 2014, according to a charity report released by the China Charity and Donation Information Center, or CCDIC, on Saturday.

The charity report says that China received around 104.2 billion yuan in total value, accounting for 0.16% of China's GDP and a 5.3% increase compared with the previous year.

Donations in the past year marks the third time the total value of donations in China exceeds 100 billion yuan, following the massive earthquakes in Wenchuan in southwest China's Sichuan Province in 2008 and in Yushu in northwest China's Qinghai Province in 2010.

However, the achievement in 2014 was made without any major disasters occuring during the period.

The latest charity report notes that the largest single donation in China's history came from Alibaba Chairman Jack Ma and Vice-Chairman Joe Tsai last April, who together donated 2% of Alibaba's stock rights to society, accounting for 24.5 billion yuan calculated by the share prices at that time.

Another highlight of the report is the fast growing online charity platforms, including Sina, Tencent, Alipay and Taobao.com, the four of which contributed 428 million yuan in total, a 42.6% increase compared with 2013.

Enterprises were still the main contributors, making up to 70% of the total donations, while only 11% of the donations came from the public, dropping for a third consecutive year.

The CCDIC is an organization sponsored by the Ministry of Civil Affairs and has researched charity donations and issued annual reports since 2008.

(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor:Kong Defang,Bianji)

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