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Philanthropist brings his charity to Taiwan,[link widoczny dla zalogowanych]
A mainland tycoon on a charity tour of Taiwan gave NT$70,[link widoczny dla zalogowanych],000 ($2,[link widoczny dla zalogowanych],420) to an elderly woman who had been waiting for him at his hotel in Taipei, media reported on Thursday.Chen Guangbiao,[link widoczny dla zalogowanych], China's most famous philanthropist,[link widoczny dla zalogowanych], is touring the island to express his gratitude for its help to the mainland in natural disasters. Along the way,[link widoczny dla zalogowanych], he is distributing hongbao, or red packets of gift money, to the poor to help them celebrate the Spring Festival.
Following his breakfast at the Grand Hotel on Thursday,[link widoczny dla zalogowanych], he gave the needy woman NT$50,[link widoczny dla zalogowanych],000 cash in a red envelope. After she said her mother had gone blind, he handed her another NT$20,000,[link widoczny dla zalogowanych], Central News Agency reported.
Chen, president of Jiangsu Huangpu Renewable Resources Company who made his fortune from recycling, brought NT$500 million to give to charities during his tour of Taiwan.Leading a delegation of more than 50 entrepreneurs from the mainland on a weeklong tour of nine counties and cities, Chen arrived on the island on Wednesday night and on Thursday paid a visit to Hsinchu in northern Taiwan.
While he was there, he handed out NT$10,000 each to people in need and made a grant of NT$6.57 million to the county government, local media reported on Thursday.Prior to his trip,[link widoczny dla zalogowanych], the 42-year-old tycoon wrote on his micro blog that he wanted to show his gratitude to the people of Taiwan for lending a hand in the past when the mainland was struck by natural disasters.
In addition to bringing good wishes to Taiwan for the Spring Festival,[link widoczny dla zalogowanych], Chen said his visit was intended to share the experience of philanthropy across the Straits.His controversial trip has already triggered mixed reactions,[link widoczny dla zalogowanych], with some Taiwan officials claiming that it is inappropriate for him to distribute cash handouts to the poor and undignified for the recipients.
However, 64 percent of the 14,959 respondents polled by the mainland's website ifeng.com said on Thursday that they supported Chen's charity tour of the island.Eighty percent of the respondents also said they did not see any problem in Chen personally giving cash to the needy, provided that all parties were happy with the arrangement.
During an earlier interview,[link widoczny dla zalogowanych], Chen said he planned to make a philanthropic visit to Taiwan an annual event in his schedule.He also expressed his desire to do business on the island by recycling its waste, promising to give 60 percent of the net profit he makes from the concern to charity in Taiwan.
Wal-Mart apologizes for price cheating
Wal-Mart (China) late Thursday apologized to customers after being blacklisted by Chinese authorities for cheating on prices.The Wal-Mart (China) Investment Co.,[link widoczny dla zalogowanych], Ltd. expressed "sincere apology" to affected customers in a written interview with Xinhua.Further,[link widoczny dla zalogowanych], the company has been cooperating with authorities' investigation into the cheating. It has also launched self-examinations in stores nationwide.
As the Spring Festival approaches, the company will strengthen its price monitoring, the company said.The company, which entered China in 1996 and has opened 189 stores in 101 cities across the country, promised to continue the self-examination regularly. Its 700 price inspectors perform millions of examinations weekly.
The National Development and Reform Commission (NDRC), China's top economic planner and price regulator,[link widoczny dla zalogowanych], said Wednesday that some Carrefour and Wal-Mart stores in China are involved in deceptive pricing practices.The NDRC ordered local pricing authorities to urge involved stores to correct wrongdoing, and pay fines five times the illegal income. Their ill-gotten money will be confiscated and those that cannot calculate their illegal income will pay a fine of up to 500,000 yuan.($75,[link widoczny dla zalogowanych],987).
Carrefour "sincerely apologies" and offered to refund customers five times the difference between the price charged and that on the label, China Daily said,[link widoczny dla zalogowanych], citing a statement from the company late Wednesday.
An investigation into the price cheating had been launched in Guangzhou,[link widoczny dla zalogowanych], capital of south China's Guangdong Province, as it continues in Shanghai.One case was found in the Carrefour store in Tianheyuan Village in the city. A kind of rubber gloves was sold for 0.4 yuan (about $0.06) higher than the price on the label here.
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