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Chinese Billionaires Largely Stay Away From Charity

China saw its number of billionaires grow by 30 percent to 40 percent annually, but is still recording charitable donations at a small fraction of the rates seen in Europe and the United States. A new report by the United Nations Development Program found that charitable donations are about 4 percent of those in the West. The year 2015 saw 38 percent growth in the number of billionaires in China, according to a Forbes magazine study. Their net worth rose by $170 billion, reaching $830...

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