Private enterprises more active in poverty relief cause
( 2003-11-30 10:15) (Xinhua)
China's Glorious Cause has
helped 4.6 million Chinese people cast off poverty in the past eight years of
The Cause, initiated by private enterprises has attracted the participation
of 14,407 businessmen from China's mainland, the Hong Kong and Macao special
administrative regions and Taiwan Province, with a total investment of 52.3
billion yuan (about 6.3 billion US dollars), according to information from the
Second Executive meeting of the Ninth All-China Federation of Industry and
Commerce that opened here Saturday.
The Cause has invested 8.5 billion yuan in education and other public welfare
causes, providing training for two million people and jobs for 2.1 million
people, statistics show.
A delegation from the China Association for the Promotion of the Glorious
Cause (CAPGC) visited the United States and Mexico in September, as well as four
United Nations agencies in a bid to promote international cooperation.
Glorious Cause will sign a framework agreement with the United Nations
Development Program this year to set up a new anti-poverty foundation, sources
at the CAPGC said.
In April 1994, ten private businessmen agreed to build a poverty relief
project targeting China's backward areas. In July 1994, the Glorious Cause came
into being to help these areas through technology transfer and technical