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Yahoo! My Yahoo! Mail More Yahoo! Services Account Options New User? Sign Up Sign In Help Yahoo! Search web search Home Singapore Asia Pacific World Business Entertainment Sports Technology Singapore Asia Pacific World Gates, Buffett says no pressure on China super-rich AFP - Wednesday, September 15 Send IM Story Print Gates, Buffett says no pressure on China super-rich Slideshow: Full Photo Coverage: Business & Economy BEIJING (AFP) - – Billionaire US philanthropists Bill Gates and Warren Buffett insisted Tuesday they would not pressure China's super-rich to give to charity at a banquet this month, after invitees were slow to respond. Gates and Buffett, the two richest Americans who have called on their wealthy compatriots to give away at least half of their assets, said they hoped simply to learn about China's approach to philanthropy on September 29. "Some people have wondered if we're coming to China to pressure people to give. Not at all," the pair said in a letter to the official Xinhua news agency. "Our trip is fundamentally about learning, listening, and responding to those who express an interest in our own experiences. China's circumstances are unique, and so its approach to philanthropy will be as well." Software magnate Gates and investment baron Buffett launched their "Giving Pledge" project in June, aimed at persuading billionaires across the United States to give up most of their money to a good cause. Just six weeks later, 40 wealthy individuals and their families -- including CNN founder Ted Turner and New York City Mayor Michael Bloomberg -- had pledged to hand over more than half of their fortunes. China has the second-most billionaires after the United States, but as of last week only a small number of businessmen had confirmed their attendance at the banquet hosted by Gates and Buffett, Xinhua said. The pair acknowledged they were not sure if their approach to charitable giving would be the "right path forward" for China, the agency said. The letter from Gates and Buffett included a Chinese proverb, according to Xinhua: "Remember what you have received. Forget what you gave." Last week Zhang Jing, spokeswoman of the Bill and Melinda Gates Foundation's China office, told Xinhua that the group was "having difficulties confirming the attendance" of the roughly 50 wealthy invitees. The Gates foundation's China office has had to "repeatedly convince" those invited that the meeting would have no donation strings attached and that participants' identities would be kept confidential, Zhang reportedly said. So far, only one of those invited -- entrepreneur and philanthropist Chen Guangbiao -- has publicly answered the call to donate. Chen, 42, who heads a resource recycling company in eastern China's Jiangsu province, has said he will leave his entire fortune of more than five billion yuan (735 million dollars) to charity after his death. Recommend Send IM Story Print Related Articles Woolworths Ltd launches $1.25 bln 2-part sale Reuters - 24 minutes ago US-BUSINESS Summary Reuters - 25 minutes ago Dollar hits 15-year low versus yen, battered versus euro Reuters - 25 minutes ago Gold hits record as investors scramble for safety Reuters - 28 minutes ago India inflation at seven-month low AFP - 31 minutes ago News Search Top Stories Americans again increase retail buying German investor confidence sinks in September Australia's NAB terminates $12.4 bln AXA bid Miracle as 36 survive Venezuelan plane crash 'Time bomb' superbug requires global response: doctor More Top Stories » Related Full Coverage China Economychina economy All Full Coverage » ADVERTISEMENT Most Popular Most Viewed Most Recommended 'Time bomb' superbug requires global response: doctor US plans massive arms sale to Saudi to counter Iran threat Miracle as 36 survive Venezuelan plane crash Doomsday warnings of US apocalypse gain ground Non-stick cookware may boost cholesterol: study More Most Viewed » Climate: New study slashes estimate of icecap loss Earth's upper atmosphere shrinking, scientists say Tiger's ex breaks her silence on sex scandal US pastor puts Koran-burning on hold Japanese rider Tomizawa dies in San Marino Moto2 GP More Most Recommended » Elsewhere on Yahoo! Financial news on Yahoo! Finance Stars and latest movies Best travel destinations More on Yahoo! News Home Singapore Asia Pacific World Business Entertainment Sports Technology Subscribe to our news feeds Top StoriesMy Yahoo!RSS » More news feeds | What are news feeds? Also on Yahoo! Answers Groups Mail Messenger Mobile Travel Finance Movies Sports Games » All Yahoo! Services Site Highlights Singapore Full Coverage Most Popular Asia Entertainment Photos World Cup 2010 Yahoo! News Network Copyright © 2010 Yahoo! Southeast Asia Pte Ltd. (Co. Reg. No. 199700735D). All Rights Reserved. Privacy Policy - Terms of Service - Community - Intellectual Property Rights Policy - Help

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