China

Can China’s nouveau riche learn from Italy when it comes to giving away their money?


Italy’s centuries-old philanthropic groups and foundations havetaken on a new purpose: to help their nouveau riche counterparts in China learn how to give back to society.The European country has emerged as an interesting case study for Chinese millionaires, as both cultures share a deep tradition of family-run businesses across generations, experts say.Some in Italy were quick to seize upon the politically symbolic moment in March when Chinese President Xi Jinping visited Rome and approved a…


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