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Rich turn poor in gifts to charity

By Jack Freifelder in New York | China Daily | Updated: 2014-08-06 07:18

Nation way behind when it comes to donations of money and time

The number of millionaires in China grew to 2.4 million last year, second only to the United States, which totaled 7.1 million, according to the Boston Consulting Group.

The number of billionaires is about 300, according to the 2013 China Rich List, which is compiled by the Hurun Report. The most recent compilation of the Forbes World's Billionaires List includes more than 130 Chinese individuals.

Rich turn poor in gifts to charity

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