Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website Xinhua Silk Road - Belt and Road Portal, China's silk road economic belt and 21st Century Maritime Silk Road Website
Subscribe CustomBlackClose

Belt & Road Weekly Subscription Form

download_pop

Research ReportCustomBlackClose

The full edition of the report is available at Xinhua Silk Road Database. You can click the “Table of Content” to have a general understanding of it.

Click on the button below to create your account and get immediate access to thousands of articles.

Start a Free Trial

Xinhua Silk Road Database
Economy

China's lottery sales continue to fall in May

July 01, 2019


Abstract : China's lottery sales dropped 12.7 percent year on year to 35.52 billion yuan (about 5.16 billion U.S. dollars) in May, official data showed.

BEIJING, June 29 (Xinhua) -- China's lottery sales dropped 12.7 percent year on year to 35.52 billion yuan (about 5.16 billion U.S. dollars) in May, official data showed.

Sales of welfare lottery tickets declined 15.7 percent from one year earlier to 16.49 billion yuan, while sports lottery sales went down 10 percent to 19.03 billion yuan, according to a statement from the Ministry of Finance.

In the first five months, lottery sales fell 4.7 percent year on year to 177.83 billion yuan, the statement said.

Under China's lottery management rules, money from lottery ticket sales is used for administrative expenses, public welfare projects and prize money.

Three provinces, namely Sichuan, Anhui and Guizhou, posted year-on-year sales increases last month.

China's total lottery sales in 2018 stood at 511.47 billion yuan, up 19.9 percent year-on-year.

Scan the QR code and push it to your mobile phone

Keyword: china-economy lottery-sales

Reading:

5G to contribute 900 bln USD to Asian economy in next 15 years: GSMA report

Spotlight: Experts discuss inclusive development in new era of globalization ahead of Summer Davos

China's Chongqing offers "doorstep services" to U.S. businesses

First China-Africa Economic, Trade Expo closes in central China

China opens more sectors to foreign investment with new negative lists

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to [email protected] and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial

Ask Us A Question belt & road login close

If you have any questions, please enter them in the box below.

Identifying code Reload

Write to Us belt & road login close

Do you want to be a contributor to Xinhua Silk Road and tell us your Belt & Road story? Send your articles to silkroadweekly@xinhua.org and share your stories with more people.

Click on the button below to create your account and get im http://img.silkroad.news.cn/templates/silkroad/en2017te access to thousands of articles.

Start a Free Trial