Evergrande extends a helping hand

Guangzhou-based property giant offers $460m to improve the quality of life for poverty-stricken locals

Evergrande Real Estate Group Co, a Guangzhou-based property conglomerate in Guangdong province, has pledged 3 billion yuan ($460 million) to Dafang county - a poverty-stricken area in Guizhou province - to help improve conditions for 180,000 of its most-impoverished residents.

The company has already launched 40 major projects and 200 programs in the county, focused on the building of agriculture and husbandry facilities. It will also help build new homes, hospitals and nursing homes, as well as create jobs and offer educational opportunities.