Did you know, Chinese people, firms, and overseas individuals, companies and governments, raised more than 14,000,000,000 yuan as of May 21, just ten days after the Sichuan earthquake? That’s 2 billion US dollars. 20 days after the earthquake, total donations have more than doubled, to about 5.7 billion US dollars. [UPDATE: as of June 4, donations have reached 6.2 billion US dollars] And the aid and funds are still growing. The generosity has been amazing to witness.

Over at China Supertrends, there is a new post on the state of earthquake donations by foreign companies and the controversy they have engendered. To wit, foreign firms were expected to donate more because of the benefits they have enjoyed in the China market, at least according to some of China’s vocal Netizen population. My research into the matter shows that, although foreign companies have donated less, their efforts are by no means small:

For example, KFC has donated 15.8 million yuan [~2.2 million US dollars] , while Nokia donated 10 million yuan plus thousands of free mobile phones. The largest foreign donations to date, 30 million yuan [~4.3 million US dollars] each, come from Samsung and Nike, but GE, Chevron, GSK, Toyota and others all have made donations at the 10 million yuan level or above. These are no small amounts by any standard.

I believe that foreign firms have performed well as corproate citizens in China, and there is still more assistance yet to come from them. Corporate social responsibility has taken a large step forward in China both among Chinese firms and foreign firms doing business in China.

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