Wel­fare lot­tery sales grow in 2016

China Daily (Canada) - - NEWS CAPSULE -

China’s wel­fare lot­tery sales topped $30.1 bil­lion (206.5 bil­lion) in 2016, an in­crease of 2.47 per­cent year-on-year.

Na­tional wel­fare funds ob­tained via the sales of tick­ets amounted to 59.1 bil­lion yuan last year, up 4.97 per­cent year on year, ac­cord­ing to a state­ment by the wel­fare lot­tery dis­tri­bu­tion and man­age­ment cen­ter.

Ac­cord­ing to cur­rent rules, half of the wel­fare pro­ceeds go to the state cof­fers, and th­ese funds are mainly used to sup­ple­ment so­cial se­cu­rity and spe­cial aid projects. The other half sup­ports so­cial wel­fare and char­i­ties man­aged by lo­cal gov­ern­ments.

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