Working with philanthropists in Australia and the US, I’ve wondered about the evolution of charitable giving in China, with growth in significant wealth over the last 30 years.
China is the fastest growing producer of millionaires in the world today. Whilst the amount given to philanthropic causes has been on the rise in China, increasing from RMB 10 billion in 2004 to 100 billion in 2014, it is still just a fraction of the levels in the United States who’s charitable giving is 20 times that of mainland China. Continue reading Philanthropy in China is still evolving