Private firms more diligent in CSR activities

Private enterprises from China have made significant advances in generating economic value and toward philanthropy, said a report on the corporate social responsibility accomplishments of such enterprises.

The report, prepared by the All-China Federation of Industry and Commerce, was the first documented and disclosed information on the social responsibility of private enterprises in China. It tracked the progress of CSR activities made by private enterprises in the country during the past two decades.

"The report tracks the economic accomplishments of China's non-public sector, entrepreneurs and their business philosophies," said Wang Qinmin, president of the federation.