China doesn't like gambling.But I don't mind running lotteries to support welfare programs.A lucky winner had just won a big lottery, but kept it a secret from his family, fearing he would be lazy.
The Nanning Evening News reported that a man who identified himself as Li had won 2 million yuan ($1900) in the lottery.He never told his wife or children out of concern that they would quit their jobs.
No matter how you look at it, it's an exaggerated winning amount.But in China, and even more so in the Guangxi Zhuang Autonomous Region where he lived.His average annual income is $11,181.
million dollar secret
It must have been hard for Lee to contain his excitement when he learned he had won.It had to be even harder to keep his secret when he told his wife he was going to take a road trip.
Mr. Li bought the winning ticket in the small village of Litang, but had to go to the lottery booth in Nanning to collect the prize.That night, Lee spent the night at the hotel with a lottery ticket in his hand.
The next day he went to the lottery office.The Nanjing Evening News reported that he wore a "bright yellow costume" to conceal his identity.
After confirming he had a multi-million dollar ticket, the lottery presented the prize.After giving the government that cut, he took home about CNY171.6 million (US$23.56 million).Lee reportedly donated about CNY5 million (US$686,500) to charity, but he hasn't decided what to do with the rest.
Lotteries often offer life-changing sums of money, and the United States is still waiting for someone to win the Powerball jackpot.The prize reached $12 billion on Wednesday night after no one guessed the correct number on Halloween.
China eyes lottery
A recent report by China's Ministry of Finance said that China's lottery ticket sales topped CNY9 billion (US$33.33 billion) in September.This figure is 4.57% higher than in September 2021.
Welfare lottery sales were 123.2 billion yuan (US$16.9 billion), up 4% year-on-year.Sales of sports betting increased by 8.3% to RMB210 billion (US$1000 billion).
In the first nine months of 2022, China Lotto's turnover was RMB 9 billion (approximately US$2812 billion).This was an increase of 4000% over the previous year.
China's economy has been in a recession lately.Analysts expect the yuan to continue to depreciate in the foreign exchange market, marking its longest losing streak in nearly 30 years.
Things are likely to get worse before they get better.China's zero COVID-19 policy will not end, especially affecting domestic and foreign businesses in Macau.
Liang Wannian, a senior member of the National Health Commission's COVID-19 response team, told China Central Television (CCTV) this week that China's zero COVID-19 policy could last until the first quarter of 2023. said.He said change would not come until vaccination against the virus became more widespread.
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