Over the next decade, at least $500 billion will flow through philanthropic organizations, the result of rising global wealth, especially in Asia. A landmark new study by the Asian Venture Philanthropy Network (AVPN), with support from The Rockefeller Foundation, reveals how Chinese philanthropy is growing into a powerhouse that could shape the future of international giving and development, largely driven by the Chinese private sector and a new generation of wealth.
National strategy plans such as the Belt and Road Initiative and South-South Cooperation are propelling more domestic funders and social organizations to engage in international development issues. And as a new culture of giving takes shape in China, Chinese philanthropists and leaders of philanthropic organizations are increasingly keen to engage with the global community.
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