An 18% drop in the domestic donations to charity in China in 2011 with US$7.86 billion was disclosed by the Ministry of Civil Affairs. According to Forbes, this decline follows a number of scandals that underscored concerns among donors about the misuse of funds in the country's state-dominated charity system.
Also, the drop in donations is being attributed to the fact that China suffered no major natural disasters in 2011, which have historically triggered a rise in domestic charity.
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Ganesh Natarajan is the Founder and Chairman of 5FWorld, a new platform for funding and developing start-ups, social enterprises and the skills eco-system in India. In the past two decades, he has built two of India’s high-growth software services companies – Aptech and Zensar – almost from scratch to global success.