Giving Compass' Take:

• Dmitriy Frolovskiy at The Diplomat discusses China's new trend towards increased donations and philanthropy to support economic growth and structure. 

• Although the spread of donations in China is still lagging behind the United States, how will this new trend inspire other countries to follow suit and give back?

• Here's an example on "China's most charitable man" and his donation to education. 

China’s economic model is undergoing a structural shift by reorienting toward services and domestic consumption; its business class is not standing still either. Philanthropy is becoming a new trend among the country’s rich, while reflecting a profound change in perceptions of Beijing’s place in the world.

In early December, major Chinese and international outlets discussed the world’s largest education ceremony. A cohort of high-ranked guests, including Princess Laurentien of the Netherlands, Gordon Brown, former prime minister of the United Kingdom, and others, flew to Hong Kong where Dr. Charles Chen Yidan, the cofounder of China’s biggest internet company, Tencent, held the second Yidan Prize Summit.

After becoming one of the richest men in China, Chen stepped down as Tencent’s chief administrative officer in 2013 and devoted his career to promoting education. That gesture established him as the champion of modern Chinese philanthropists. With the endowment of $320 million and prize money of $3.8 million, the Yidan Prize is touted as the biggest of its kind for education research and development.

Read the full article about China's philanthropy boom by Dmitriy Frolovskiy at The Diplomat