China Education Development
Foundation (CEDF) had raised 264 million yuan (US$33 million) to
sponsor poverty-stricken students, according to Zhang Baoqing,
former vice minister of education and chairman of the foundation,
in Beijing on Monday.
Zhang Baoqing said the money raised would be used to
help students who could not afford their schooling, and to award
those who have made contributions to the development of education
The CEDF has sponsored more than 8,800 poor students
since it was founded in March, and was undertaking another
sponsorship project to include 4,500 students, said
"China has more than 40 million poverty-stricken
students," said Zhang. "Our job is to make sure they don't drop out
of school for economic reasons."
The CEDF funded 5,000 students in Sichuan, Fujian, and
Hunan Provinces as well as Chongqing to go back to school after
their homes were affected by flooding or drought earlier this
About 260 million yuan came from companies and other
organizations, while individual donations only accounted for four
The largest individual donation of 3 million yuan came
from former Chinese premier Li Peng, while the smallest sum came
from a rural student in the central Anhui Province.
(Xinhua News Agency November 28, 2006)