China issues guideline on philanthropy
Charitable donations in China will become tax deductible, according to a guideline released by the central government.
The guideline, published by the State Council, said donations from abroad to charities in China could enjoy preferential tariff rates. It called for opening more donation channels, emphasizing the development of Internet philanthropy. It also called on social forces such as public institutions and media outlets to provide more support for philanthropy.
According to the guideline, the central authorities are planning an information-sharing system capable of better coordinating relief efforts for government agencies and non-governmental organizations. China has 85 million disabled people, 120 million people living under the poverty line and 160 million left-over rural residents.