Planet China

Hogging the headlines

A survey by Wealth-X found that 80% of the ultra-wealthy donate to educational causes when dishing out their philanthropy. Of course, over the years many successful businesspeople have donated to their former school. However, in China this week an unconventioal donation by Liu Jiehong to his alma mater Yanjiang No1 High School in Guangdong aroused an unusual amount of interest among netizens. Liu, who is president of the Yanjiang City Farmers Association, gifted the school 10 pigs. On the face of it, that might seem less useful than donations of computers but with pork prices rising rapidly this year – owing to the spread of African swine fever – it was a very welcome gift as far as the school canteen was concerned. Prices of pork have risen from Rmb23 per kilo in January to around Rmb40 per kilo, so the value of the 10 pigs was about Rmb60,000 ($8,521).

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