AIRLINK 74.60 Decreased By ▼ -0.65 (-0.86%)
BOP 5.14 Increased By ▲ 0.03 (0.59%)
CNERGY 4.50 Decreased By ▼ -0.10 (-2.17%)
DFML 33.00 Increased By ▲ 0.47 (1.44%)
DGKC 88.90 Decreased By ▼ -1.45 (-1.6%)
FCCL 22.55 Decreased By ▼ -0.43 (-1.87%)
FFBL 32.70 Decreased By ▼ -0.87 (-2.59%)
FFL 9.84 Decreased By ▼ -0.20 (-1.99%)
GGL 10.88 Decreased By ▼ -0.17 (-1.54%)
HBL 115.31 Increased By ▲ 0.41 (0.36%)
HUBC 136.63 Decreased By ▼ -0.71 (-0.52%)
HUMNL 9.97 Increased By ▲ 0.44 (4.62%)
KEL 4.63 Decreased By ▼ -0.03 (-0.64%)
KOSM 4.70 No Change ▼ 0.00 (0%)
MLCF 39.70 Decreased By ▼ -0.84 (-2.07%)
OGDC 138.96 Decreased By ▼ -0.79 (-0.57%)
PAEL 26.89 Decreased By ▼ -0.76 (-2.75%)
PIAA 25.15 Increased By ▲ 0.75 (3.07%)
PIBTL 6.84 Decreased By ▼ -0.08 (-1.16%)
PPL 122.74 Decreased By ▼ -2.56 (-2.04%)
PRL 27.01 Decreased By ▼ -0.54 (-1.96%)
PTC 14.00 Decreased By ▼ -0.15 (-1.06%)
SEARL 59.47 Decreased By ▼ -2.38 (-3.85%)
SNGP 71.15 Decreased By ▼ -1.83 (-2.51%)
SSGC 10.44 Decreased By ▼ -0.15 (-1.42%)
TELE 8.65 Decreased By ▼ -0.13 (-1.48%)
TPLP 11.51 Decreased By ▼ -0.22 (-1.88%)
TRG 65.13 Decreased By ▼ -1.47 (-2.21%)
UNITY 25.80 Increased By ▲ 0.65 (2.58%)
WTL 1.41 Decreased By ▼ -0.03 (-2.08%)
BR100 7,819 No Change 0 (0%)
BR30 25,577 No Change 0 (0%)
KSE100 74,664 No Change 0 (0%)
KSE30 24,072 No Change 0 (0%)

imageBEIJING: A Chinese billionaire couple's $10 million gift to Yale University sparked controversy among the country's Internet users Thursday, with some arguing that the money would be better spent on schools in China.

The endowment marks the latest gift to a prestigious US university by Pan Shiyi and Zhang Xin, the husband-and-wife duo behind real estate giant SOHO China.

In July, the couple gave Harvard University $15 million in the first stage of a $100 million programme that Pan and Zhang say will fund disadvantaged Chinese students at top institutions across the globe.

"Every person's potential is like a hidden gem, and education is the tool that unlocks human potential," Pan said in a statement Wednesday announcing the Yale gift.

"The SOHO China Scholarships aim to provide the best possible educational opportunities to the most outstanding students from Mainland China, enabling them to maximise their potential in their contribution to mankind," he added.

But the reaction online was largely negative, with some users criticising the couple for not giving the money to Chinese domestic institutions.

"They're rushing to give money to foreigners, but what about all the poor children in China's mountainous areas?" one user wrote on Sina Weibo, a Chinese version of Twitter.

"Isn't Pan just buying an 'entrance ticket' for his son to attend an elite university abroad?" another user asked.

Others defended the couple.

"The same patriotic commenters who are yelling that this is 'the people's money' are actually making no contribution of their own to society," one Sina Weibo user wrote.

Pan is not only one of China's wealthiest people but also one of the country's most-celebrated "Big V" bloggers, with more than 17 million followers on Sina Weibo, at times drawing attention from the authorities.

China is the largest single source country for international students in the United States, providing more than a quarter of all foreign students, according to the Institute of International Education.

Many of those young people's studies are funded by their families, but Zhang and Pan maintain that their firm's "SOHO China Scholarships" are aimed at encouraging less-well-off Chinese students to apply to study abroad.

"If you get in to Yale, you do not have to worry about the financial burden, the SOHO China Scholarships will help provide you with financial aid," Zhang said in Wednesday's statement.

Copyright AFP (Agence France-Presse), 2014

Comments

Comments are closed.