China's rich dodge charity meet

China has the second-most billionaires after the United States, but only two businessmen have said they will attend the banquet hosted by software magnate Mr Gates and investment baron Mr Buffett, Xinhua news agency reported late on Tuesday. The others fear they will be pressured to give to charity, a report said.

A China Charity Foundation official as saying the traditional practice of keeping all one's wealth in the family by bequeathing it to the next generation remains strong, and that Chinese philanthropy was still in its infancy. MORE