Billionaires in China are being forced to find their philanthropic spirit as the Chinese government attempts to bridge the gap between the rich and poor, multiple media outlets, including Al-Jazeera, have reported. According to a 2021 Hurun Global Rich List data, China has over 1,058 billionaires, more than any country on the planet including the United States. In June, the founder of food delivery giant Meituan, Wang Xing donated shares worth about $2.27 billion to his personal charity to promote scientific research and education. In 2010, American billionaires Warren Buffett and Bill Gates visited China for charitable activities. During the trip they praised the move by the Chinese government, Zhou also informed.

Source: Hindustan Times July 19, 2021 04:17 UTC