Warren Buffett and Bill Gates will reportedly travel to China later this month to "learn how to do philanthropy" in that nation.
China's Economic Observer newspaper saysGates and Buffett have invited a "select group" of 50 to 60 members of the nation's "business elite" to a "private party" in Beijing.
Some of those invited, however, have declined to attend, apparently over concerns they'd be asked, or even pressured, to make a donation pledge at the event.
In June, Buffett and Gates used Fortune Magazine to publicly challengeAmerica's richest billionaires to pledge they will donate 50 percent of their wealth to charity, and just over three-dozen have already acceptedthat challenge.
Bloomberg quotesa Gates Foundation spokesman in Beijing as saying Buffett and Gates may soon release a letter to ease some of the concerns the Chinese guests will also be put on the spot to make a big pledge. "Our biggest intention for this month’s China trip is to learn how to do philanthropy in China. We would like to learn how to propel the charity business in such a big developing nation."