Coca-Cola donates 4.33 million for China's rural students

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Last updated at: (Beijing Time) Sunday, December 07, 2003

Coca-Cola donates 4.33 million for China's rural students

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.

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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$1 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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