Chinese companies donate $500 mn for quake relief

May 18th, 2008 - 7:37 pm ICT by admin  

Beijing, May 18 (Xinhua) Chinese companies have donated more than 3.5 billion Yuan ($501 million) in cash and goods for earthquake relief work, web-portal reported Sunday. The contribution doubled since Wednesday when the companies donated an estimated 1.5 billion Yuan.

On May 12, an earthquake measuring 7.8 on the Richter scale rocked the south-western province of Sichuan, killing and wounding thousands of people.

Chinese companies have been providing financial support and other assistance to the authorities for disaster relief work after the earthquake.

These companies are either China-based or foreign companies that have invested in the country. Taiwan, Hong Kong and Macao-based companies also contributed.

The two biggest corporate donors were the State Grid Corporation of China (200 million Yuan) and Taiwan-based Formosa Plastics Corp. (100 million Yuan).

The Information Office of the State Council said China had received 6.02 billion Yuan in cash and goods for earthquake relief from home and abroad as of 1 p.m. Saturday.

Domestic donations reached 4.9 billion Yuan Friday, comprising 4.18 billion Yuan in cash and 720 million Yuan worth of relief materials.

As of 2 p.m. Saturday, the toll in the quake rose to 28,881 nationwide, while 198,347 were injured.

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