Sinopec invests 2b yuan in poverty relief in 30 years

BEIJING - China Petrochemical Corporation (Sinopec Group) has contributed 1.93 billion yuan ($279 million) to poverty reduction in the past three decades, according to a white paper released by the company.

Sinopec launched 44 projects in 2017 to boost industrial development, countryside tourism, labor training and education in poverty-stricken counties, which the company has committed to help, with around 30,000 people benefiting, according to its white paper on targeted poverty alleviation.

Sinopec has engaged in poverty relief since 1988, attaching particular attention to project development and in-depth targeted poverty alleviation by providing platforms and development assistance in industries ranging from breeding and planting to tourism, the company said.

It had also invested in building 60 schools in those counties and financially aided 12,107 students between 2002 and 2015.