China demands more transparency from charities

China's government put a draft regulation asking charities to regularly publish financial reports and tighten internal management up for public review on Tuesday.

  

The document, drafted by the Ministry of Civil Affairs, requires charity foundations to regularly publish detailed reports on donations and expenditure after a charity project starts.

If the project is operated longer than three months, financial reports should be published quarterly and, after it concludes, a comprehensive report should be released for public scrutiny, according to the draft.

The proposed regulation acknowledges donors' rights to inquire how their money will be spent and makes clear that foundations must "give truthful answers in time."

The proposed regulation is an effort to regulate the practices of charity foundations, improve transparency and tighten supervision.

According to the document, foundations should establish effective internal management policies, put them under scrutiny of donors and government supervision departments, and publish them on their own websites and mass media designated by authorities.

Their operational expenses should not be paid by donations unless it is written in fund raising policies and agreed by donors. And operational expense should not exceed 10 percent of the annual expense of the organization.

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"China will not hesitate to protect Iran even with a third World War" (subtitles)

On November 21st, America, UK and Canada announced more sanctions against Iran. France also proposed to adopt new sanctions to force Tehran to stop it's nuclear project. On Nov 23rd, the spokesman of Chinese Communist Party (CCP)'s Foreign Ministry said in a regular press conference held in Beijing that China is opposed to unilateral sanctions against Iran. Scholars believe that, being isolated, China and Iran need mutual support. Meanwhile, the CCP government, with internal and external difficulties, may express an even tougher diplomatic "voice". "Reuters" reported on Nov 23rd: "The United States, UK and Canada have announced new sanctions against Iran in the areas of energy and finance. France proposed 'unprecedented' new sanctions, including freezing the assets of the Central Bank of Iran and suspending the purchase of Iran's oil. Earlier, the "International Atomic Energy Agency" (IAEA) had issued a report that Iran may be secretly developing nuclear weapons. On Nov 23rd, the CCP's Foreign Ministry expressed opposition to the imposition of unilateral sanctions against Iran. In this regard, Xia Ming, a political professor from "City University of New York" in America, believes that since the Cold War, the United States and Western society's biggest challenges have been seen as being from China and Iran. They are both isolated by the United States and the West. Therefore, China's policy is foreseeable. Xia Ming says: "China and Iran are facing strong Western challenges ...

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