Charities fear donations will dwindle
By Wang Zhuoqiong | China Daily | Updated: 2008-12-06 08:02
Corporate donations to China's charities are expected to fall significantly next year, despite them hitting a record 100 billion yuan ($14.5 billion) this year, the organizations have said.
Zhang Ying, director of the Fuyang AIDS Orphan Salvation Association, said almost half of the funding the charity was expecting to get next year is now uncertain, as donors, mostly big companies, slash their corporate social responsibility budgets amid the economic turmoil.
"The slowdown has begun to affect our operations," Zhang, who set up the agency in 2003 to help children with HIV and AIDS, said.
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