The Cyrus Chung Ying Tang Foundation donated $2 million to the RAND Corporation to establish the Tang Institute for U.S.-China Relations on Sept. 19.
The institute opens this month and will work to improve policy discussions that shape relations between the United States and China on issues like currency, labor and trade, direct foreign investment and the perceptions that each nation holds about the other. The Tang Institute will undertake and publish research, and create programs for scholar and student exchanges. We feel that the Tang Institute will help our foundation accomplish its objective to foster greater understanding and mutual respect between United States and China, through effective investment in community service and cultural exchanges," said Cyrus Tang, chairman and president of Tang Industries, an international manufacturing and distribution company based in Las Vegas.(Source: Angela Pang, AsiaWeek, Oct 16, 2007)