Coca-Cola donates 4.33 million for China's rural students
( 2003-12-06 15:24) (Xinhua)
For many urban Chinese,
Coca-Cola is a popular drink. But for Tibetan college graduate Rang Ying,
Coca-Cola means schooling, as Coca-Cola financed her college education.
Chairman of Coca-Cola China Limited Steve K. W. Chan announced in Beijing
Thursday that the company decided to donate another 4.33 million yuan (some
US$521,700) for 526 rural students in China's 37 universities and colleges.
Chan made the announcement at a ceremony to mark the 10th anniversary of
cooperation between Coca-Cola and the China Youth Development Foundation for the
Project Hope, China's largest welfare program initiated in 1989.
In 1999, Coca-Cola donated US$one million to a joint scholarship program to
aid 678 rural college students.
The company's engagement in China's community affairs and rural education has
become a commitment and mission, Chan said, adding that rural education is one
of the top targets of the company's welfare undertaking.
Gu Xiaojin, secretary general of the Chinese foundation, said Coca-Cola has
taken an active part in China's charity activities and initiated many new ideas
and concepts, adding that it donates about three million yuan (some US$361,446)
to the Project Hope every year.
Since 1993, Coca-Cola has donated over 35 million yuan (US$4.2 million) for
China's rural education and charity projects, including funds for building 52
primary schools and more than 100 libraries in China.
Coca-Cola's total investment in China has reached US$1.1
billion.
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