From Chinese media
Private foundations get official support
Updated: 2011-06-01 17:21
By Ben Yue (chinadaily.com.cn)
The Ministry of Civil Affairs will support private foundations by helping them with the registration, Xinhua News Agency reported on Wednesday, citing the Vice Minister Jiang Li.
China has 2,243 foundations at present while 153 are registered under the Ministry of Civil Affair and 65 of them are private.
The total assets of China's foundations have remained about 20 billion yuan ($3.09 billion) over the past three years, with more than half of the amount spent every year on public welfare.
Tapping into the future
Foreign companies are investing in China's water industry as many predict a growing profit margin.
Preview of the coming issue
Headhunters ride on growth
Commercial property rides wave
China Daily marks 30th birthday
China's national English language newspaper aims for a top-notch international all-media group.
London's Chinatown is helping diners appreciate full palate of Chinese food
Tying the knot
Danish couple's high-end macrame export business takes off in the mountains of Yunnan.