Bill Gates, in Communist newspaper, urges more in China to help poor

SHANGHAI Mon Apr 28, 2014 9:01am IST

Bill Gates smiles during an interview with Reuters in Singapore April 6, 2014. REUTERS/Edgar Su/Files

Bill Gates smiles during an interview with Reuters in Singapore April 6, 2014.

Credit: Reuters/Edgar Su/Files

Related Topics

Stocks

   

SHANGHAI (Reuters) - Microsoft (MSFT.O) founder Bill Gates on Monday took to the pages of the People's Daily, the mouthpiece newspaper of China's ruling Communist Party, to encourage people in China to do more for the poor.

"China has many successful entrepreneurs and business people. I hope that more people of insight will put their talents to work to improve the lives of poor people in China and around the world, and seek solutions for them," Gates wrote in an editorial.

"Investing for the poor requires participation from the entire community."

Philanthropy in China has yet to take off, as some wealthy Chinese fear generous donations could invite unwanted attention on their fortunes. China ranks towards the bottom of the list of countries where people give money to charity, volunteer or help a stranger, according to The World Giving Index, compiled by the Charities Aid Foundation.

The editorial by Gates, who runs the $38 billion Bill and Melinda Gates Foundation, comes just days after the founders of Chinese internet company Alibaba Group Holding Ltd announced the establishment of a charitable trust which will focus on the environment and health, and could be worth as much as $3 billion, making it one of the biggest in Asia.

The People's Daily is required reading for government and party officials in China.

Gates earlier this month said in an interview with Reuters he thought people in China would take cues from central leadership on donations and worthy causes.

"I believe the returns on investment in the poor are just as exciting as successes achieved in the business arena, and they are even more meaningful!" wrote Gates.

Reports in the past two years by the New York Times and Bloomberg News have chronicled the accumulation of spectacular wealth among family members of some of China's top Communist Party leaders.

Gates cited as a model, China's investment over the years in efforts to fight tuberculosis and the participation of China's biotechnology community in those efforts.

According to the World Bank, the average income per capita in China was $6,091 in 2012. But the country's rapid economic growth has exacerbated a rural-urban wealth gap, with people in many rural areas living on annual incomes below $1,000 and struggling with access to adequate healthcare.

(Reporting by John Ruwitch; Editing by Michael Perry)

FILED UNDER:
Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.

  • Most Popular
  • Most Shared

Economic Pulse

REUTERS SHOWCASE

Deregulation Impact

Deregulation Impact

Private fuel retailers to dip toe, not dive back, into India.  Full Article 

Control The Message

Control The Message

Modi chooses state media as his brand of choice.  Full Article 

Ebola Outbreak

Ebola Outbreak

Nigeria declared Ebola-free, holds lessons for others.  Full Article 

Inside Kobani

Inside Kobani

Turkey to let Iraqi Kurds reinforce Kobani as U.S. drops arms to defenders.  Full Article 

Apple Earnings

Apple Earnings

Apple's iPhone sales beat Street but iPad volumes slide.  Full Article 

Lingering Issue

Lingering Issue

Unfinished war in Sri Lanka threatens paradise regained.  Full Article 

Royal Baby

Royal Baby

UK's Prince William and wife Kate expecting baby in April.  Full Article 

Reuters India Mobile

Reuters India Mobile

Get the latest news on the go. Visit Reuters India on your mobile device.  Full Coverage