American billionaire to visit local manufacturers in Shenzhen
This month a local car manufacturer will be preparing itself for a visit from American Billionaire Warren Buffet. Buffet will be touring BYD’s headquarters and Kuichong production base in Longgang District, also the Baolong production base in Guangzhou and Huizhou base.
Buffet will also be stopping in Changsha where BYD have invested 3 billion yuan to acquire the Meidi bus company, and will be building a new car production base with a production capability of 30,000 cars in a year.
Warren Buffet together with Bill Gates will be visiting China, and have sent out invitations to the 50 richest people in China to attend a private function during their visit. Some of the magnates have rejected the invitation with the worry that they may be asked to donate to charity. China office chief of the Gates Foundation said that most of the people that were invited were the richest in the country and have already involved themselves in some charitable activities.
The visit was to advocate philanthropy and to learn about the development of philanthropy in China.