AP reports that Chinese billionaires aren’t inclined to follow the power elite’s favorite piece of flim-flam – hyper-public philanthropy. Seems the canny Chi-Coms aren’t buying into the “good little rich boys” club:
“Some of China’s super rich are skeptical about Gates’ and Buffett’s approach. China’s wealthy don’t have to “copy the U.S. charity mode,” billionaire Guo Jinshu told Xinhua in a story Wednesday. “In China, an entrepreneur’s top responsibility is to keep his own business sound, to fulfill taxation payments, and create jobs. This is also out of a philanthropist heart.”