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Country Garden founder and daughter top list of Chinese philanthropists, as 34 tycoons pledge US$26.2 billion
https://www.scmp.com/business/china-busi...away-us262
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all these people are just frontmen for the Commies lah.............
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(10-11-2023, 09:56 AM)Napoleon Porlumpar Wrote: all these people are just frontmen for the Commies lah.............
Deng Xiaoping's idea : Let some people get rich first. They can then help others.
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Give to charity own by themselves, it's a modern way to avoid hefty tax.
They put one billion in charity, the charity use 10 millions to help the poor, then keep 990m to earn interest
If they dun put this one billion in charity, they will end up losing few hundred millions in taxes.
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So many self proclaimed investment experts here also got fooled by these billionaires tricks.
Just show how poor the people here are, dun even understand the big boys games
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Why didn't they use this money to repay the company's debts?
https://asia.nikkei.com/Business/Markets...bligations
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