Business Daily Media

The Times

.

Glorious Program kindles rural prosperity after 30 years since its establishment with close to 1500 projects

BEIJING, CHINA - Media OutReach Newswire - 11 November 2024 - On April 23, 1994, ten private entrepreneurs issued a call to action: "Let's dedicate ourselves to the noble mission of poverty alleviation.

" This marked the official starting point of China's Guangcai (Glorious) Program initiative.

Glorious Program

The Glorious Program called on Chinese private entrepreneurs to play a part in the development-driven poverty alleviation projects that focus on helping impoverished areas to develop resources, set up enterprises, organize training and develop trade, to help revitalize local economy and ensure that the basic needs of impoverished rural residents are met.

Liu Yonghao, chairman of New Hope Group, was one of the first private entrepreneurs after the reform and opening up (a crucial move which began in 1978 to make China what it is today) and is also one of the initiators of the Glorious Program. "Why is it called a 'Glorious Program?' The term carries a dual significance: first, private enterprises are glorious; second, engaging in poverty alleviation is a glorious endeavor. As some of the first to become better-off, we bear the responsibility and obligation to assist in the development of relatively impoverished regions and individuals, leading them towards a path of shared prosperity."

Xichang Hope (Feed) Company, invested by New Hope Group in Liangshan, southwest China's Sichuan Province, was the first factory established under the Glorious Program.

"Around October 1994, we launched our first initiative for the Glorious Program, known as the 'Glorious Program Liangshan.' Liangshan in Sichuan Province was quite impoverished back then, so we decided to establish a factory there." said Liu Yonghao, Chairman of New Hope Group

One employee of Xichang Hope (Feed) Company noted the dramatic change "Back in 1994, the surrounding area of our factory was nothing but a barren land. Thirty years later, skyscrapers have emerged from the ground."

Over the past three decades, the Glorious Program has attracted participation from private entrepreneurs totaling 12,800 times and facilitated the launch of nearly 1,500 projects. The enterprises carried out investment based on their specific conditions, and following the Glorious Program, their business soon spread to all over China.

Transfer Group, another of the first private enterprises taking part in the Glorious Program in 1994, has been devoted to public welfare and charitable undertakings such as poverty alleviation and disaster relief.

Xu Guanju, Chairman of Zhejiang Transfar Group and Vice Chairman of China Society for Promotion of the Glorious Program stated "Without the development of agriculture, prosperity in rural areas, and wealth for farmers, how can China's modernization be realized? Our survey revealed that illness is a major cause of poverty, or a cause that villagers slipped back into poverty. We focused on this issue and built health facilities. We have established medical clinics in 1,037 villages, providing healthcare access to 1.8 million villagers."

Throughout Chinese history, there is no other public welfare cause that has had such a robust centripetal force, uniting thousands of private enterprises. Over the past 30 years since the launching of the program, it has facilitated the rapid economic development of impoverished areas and boosted the self-development ability of the poverty-stricken population. It has changed from mainly relying on external support- like a blood transfusion -to a more sustained effort from self-motivation.

Fu Guangming, Chairman of Sunner Group and Vice Chairman of China Society for Promotion of the Glorious Program went on to say "This platform enables us to help more individuals, and in doing so, these individuals can contribute to the success of the enterprise. With the support of the community, our business is poised to reach new levels of success."

Liu Yonghao, Chairman of New Hope Group added "Our company is engaged in rural development. We helped local farmers modernize pig farming practices, and it has proved to be very successful. We aim to empower farmers through modern agricultural methods, equipping them with advanced skills. This is a crucial part of our Glorious Program."

"Private enterprises should actively engage in the Glorious Program, public welfare, and charitable causes, always remember their roots as they prosper, strike a balance between moral integrity and financial returns to conscientiously fulfill their social responsibilities," said Chinese President Xi Jinping when he participated in the joint group discussion with the members of the China Democratic National Construction Association and the All-China Federation of Industry and Commerce in March, 2016.

Over the past three decades, the Glorious Program has actively embraced the ancient Chinese philosophy of "balancing righteousness and profit, with an emphasis on righteousness," maintaining a dual focus on "industry + charity." The program has made significant contributions in relocation of people in the Three Gorges Reservoir area, afforestation and ecological restoration, revitalizing old industrial bases in Northeast China, building a new socialist rural area, and combating poverty.


The issuer is solely responsible for the content of this announcement.

News from Asia

Montfort Boys Town Reinforces Malaysia’s TVET Talent Pipeline With 107 Skilled Graduates

MBT Strengthens Commitment To Empowering Neurodivergent Learners Through Inclusive Vocational TrainingSELANGOR, MALAYSIA - Media OutReach Newswire – 3 July 2026 – Montfort Boys Town has produced y...

HARRIS Hotel & Conventions Sunshine Penang Opens, Marking the Brand’s First Presence in Malaysia

The Ascott Limited introduces a vibrant integrated stay, events and lifestyle hotel within Sunshine Central, Ayer Itam.PENANG, MALAYSIA - Media OutReach Newswire - 3 July 2026 - HARRIS Hotel &...

Lawnova Returns to spoga+gafa with Second-Generation Robotic Mower Built for AI Boundary Setup-Free Navigation

COLOGNE, GERMANY - Media OutReach Newswire - 3 July 2026 - As spoga+gafa opens its doors in Cologne, Yosemite Robotics is returning to Europe with Lawnova, its own robotic mower brand, and a secon...

Southeast Asia’s First AIGC Creation Ecosystem Platform - Omirol Launched, Partnering with China’s V Valley Industrial Chain to Build a New China–Malaysia AI Landscape

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 3 July 2026 - The 2026 Malaysia AI Innovation and Development Exchange Forum and the launch of Omirol, Southeast Asia's first native AIGC creatio...

Kara Capital leads Japanese consortium into $454 million World Square Office Acquisition

SINGAPORE - Media OutReach Newswire - 3 July 2026 - Kara Capital is pleased to announce that it has successfully advised a consortium of Japanese corporate investors in connection with the ac...

Elm to Showcase Saudi Digital Transformation Model at LEAP East Hong Kong, Eyes APAC Collaboration

HONG KONG SAR - Media OutReach Newswire - 3 July 2026 - Saudi Arabia's Elm Company will take part in LEAP East Hong Kong 2026 as Business Solutions Partner, the company has announced, ahead of th...

THINKCAR Unveils Tyler as the Industry's First AI Diagnostic Agent at Global Distributors Conference

SHENZHEN, CHINA - Media OutReach Newswire - 3 July 2026 - The automotive aftermarket faces a technician shortage: only one candidate exists for every four open roles. Today, THINKCAR unveiled Tyle...

Stewardship Asia Centre Rebrands as Steward Leadership Institute, Marking a New Chapter in Its Mission to Build Purpose-Driven Leaders

The rebrand reflects the organisation's evolution from a convening platform to a fully-fledged institute equipping leaders to create lasting value for organisations, society, and the environment.SI...

VEC continues to expand its strategic partner ecosystem, completing an integrated value chain for international exhibitions and events in Vietnam

Vietnam Exposition Center (VEC) has signed strategic partnership agreements with leading organizations in the exhibition, trade promotion, and media sectors, including COEX, Chan Chao International...

Asia Pacific Logistics Markets Diverge Despite 47% Tenant-Favourable Conditions as Supply Constraints Begin to Shift Balance

Tenant-favorable markets in APAC expected to moderate as conditions tighten Supply-constrained markets - Australia, Japan and Singapore are seeing rising competition 54%...

Australian businesses lean into global strategic partnerships (GCCs) for next wave of outsourcing

The Australian corporate landscape is undergoing a fundamental transformation in how it sources talent and innovation. While businesses have traditi...

The New Pressure Gap Crushing Small Businesses

Starting any business and making it prosper is a major undertaking. Part of the challenge is managing the uncertainty, but the financial pressures o...

Click Frenzy returns with a free EOFY sale event for retailers this month

New owners Gabby and Hezi Leibovich bring back Australia’s leading ecommerce sales event with Australia Post as Major Sponsor   Click Frenzy is ...

The 95 Per Cent Failure Rate Is Not An AI Problem

Most Australian SMEs I speak with are already having a go at AI. Some are running formal pilots, others have a team member quietly experimenting o...

New AR tech helping to solve field service skills crisis

AI-enabled augmented reality (AR) smart glasses are emerging as a new practical solution to fill a shortage of field service technicians maintaini...

For Midsize Companies, Global Payroll Systems Matter More to Business-Security Than You Think

When a midsize company expands across borders, its payroll operation becomes exponentially more complex. These organisations typically face a new ...