China's welfare lottery sales grow in 2016

Source: Xinhua | January 28, 2017, Saturday |

Online Edition

CHINA'S welfare lottery sales topped 206.5 billion yuan (US$30.1 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.

For the period of 1987-2016, lottery tickets worth more than 1.52 trillion yuan was sold, raising 475 billion yuan for national welfare funds.

According to current rules, half of the welfare proceeds go to the state coffer, 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.

Nation

About Us
|
Terms of Use
|
RSS
|
Privacy Policy
|
Contact Us
|
Shanghai Call Center: 962288
|
Tip-off hotline: 52920043

沪ICP证：沪ICP备05050403号-1
|
互联网新闻信息服务许可证：31120180004
|
网络视听许可证：0909346
|
广播电视节目制作许可证：沪字第354号
|
增值电信业务经营许可证：沪B2-20120012

China's welfare lottery sales grow in 2016

Email this to your friend