Let The Hundred Businesses Donate (bai shang qi juan): The New Chinese Ways of Philanthropy, Traditional Values and the US Model

  • Gordon C. K. Cheung
Part of the The Nottingham China Policy Institute series book series (NCP)


On 31 December 2013 Xi Jinping made his first New Year speech after becoming the new President of China in March 2013. In the speech he reiterated the importance of the ‘quest for the dream of the road to rejuvenate China’s previous glory’.2 While many people may have different interpretations of the exact meaning of the ‘Chinese Dream’, it is undeniable that it will be a tall order for China to realize this dream. Considering the enormous problems China is facing at present, the Olympic Games held in Beijing in 2008 and the Expo held in Shanghai in 2010 can be viewed as more like the preamble of the ‘free association’ for understanding the real messages behind the dream. More importantly, how to reconcile the political notion of the Chinese Dream and the connotation of the new reform momentum is the real test to understand the challenges that China faces and the assessment of Xi’s ability. The enormous personal wealth generated by more than 30 years of economic reform in China and finding ways in which to redistribute this wealth to the weak and needy is one of the areas that have to be resolved.


Business Ethic Corporate Philanthropy Hong Kong Chinese Business Melinda Gate Foundation 
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Notes and references

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© Gordon C. K. Cheung 2015

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  • Gordon C. K. Cheung

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