Economy/Resources - 179. page
Total Donations Declined for Two Consecutive Years
According to the 2012 China Charity Donation Report which was published on September 21, the total charitable donations in 2012 amounted 81.7 trillion yuan (US$13.35 trillion), down 3.31 percent from 2011. 2012 was the second consecutive year that saw a decline in charitable donations. According to the report, the contributing factors included the slowdown in the economy, fewer natural disasters, and people not trusting in the accountability of charitable organizations.
Social organizations received over 70 percent of the total charitable donations to all organizations. A number of foundations ranked as the top donation recipients. They received over 30.5 trillion yuan (US$4.98 trillion) which accounted for 37.4 percent of the total charitable donations. Business enterprises remained as the top donors with total donations of 47.4 trillion (US$7.74 trillion). Of those, 57.98 percent or 27.5 trillion (US$4.49 trillion) came from private enterprises. It was also noticed that the amount of donations made online in 2012 exceeded 2011, thus establishing a new trend in the donation market.
Source: Xinhua, September 21, 2013
http://news.xinhuanet.com/politics/2013-09/21/c_117441606.htm
Severe Air Pollution in Northern China
On September 18, 2013, six cities and regions in the northern part of China signed an agreement with the Ministry of Environmental Protection to control and prevent air pollution. The six cities and regions are Beijing, Tianjin, the provinces of Hebei, Shanxi, and Shandong, as well as the Inner Mongolia Autonomous Region – regions that are suffering from severe air pollution.
Datong’s Deep Debts Amount to 13 Billion Yuan
According to China Business, as of 2013, the City of Datong, Shanxi Province had accumulated debts exceeding 13 billion yuan. Datong paid off 2 billion in the first half of the year, with over 110 billion still outstanding. A few municipal construction projects have been suspended due to lack of funding.
Former SAC Director: State-Owned Companies Failed Due to Government Intervention
CRN: Chinese Economy Suffered More Structural Problems
Farmer’s Average Income Below 60 Percent of China’s Median Income
According to the State Council Leading Group Office of Poverty Alleviation and Development, by the end of 2012, there were close to 100 million farmers in the rural regions who lived in poverty. Their average income was only 58 percent of national median income. Some in the rural regions do not have electricity, they are not accessible, and they have drinking water safety issues.
Source: China.com, September 13, 2013
http://local.china.com.cn/2013-09/13/content_30017448.htm
Beijing Morning Post on the Serious Waste of Talent in China
Guangming Daily carried an article originally from the Beijing Morning Post on the serious waste of talent in China. The article stated that, in 2005, there were 25 million competent people in China whose talent was wasted, which is the equivalent of a waste of over 900 trillion yuan (US$147 trillion). College students would work as waitresses or security guards and graduate students with doctorate degrees would end up being salespeople. The article blamed the basic structure of the economic system for improperly allocating resources while the available jobs also lacked technological renovation.
Source: Guangming Daily, September 13, 2013
http://rencai.gmw.cn/2013-09/13/content_8894854.htm