On Charity

Photo © JanneM from Flickr

Before this year, I didn’t get philanthropy. I knew it was important, and gave a moderate amount when disasters like the Sichuan earthquake struck, but still, it rarely felt better to give than to receive. However, it’s been a tumultuous year for charity in China and I don’t think anyone living here feels quite the same about giving as they did a year ago.

In September of last year, Bill Gates and Warren Buffett met with 50 wealthy entrepreneurs in the name of promoting philanthropy but in 2010 donations from the largest state-owned enterprises was only 2% of net income and the numbers for 2011 are likely to be worse for one simple reason: Guo Meimei.