In Times of Economic Uncertainty, Chinese Lottery Sales Boom ...Middle East

News by : (Jing Daily) -
What Happened: China’s lottery economy is winning this summer. The latest data released by China’s Ministry of Finance reveals that nationwide lottery sales reached a total of $6.73 billion (48.905 billion RMB) this July, up significantly 55.9 percent compared to the same period last year. The total lottery sales this year totalled $44.4 billion (322.804 billion RMB), indicating a year-on-year increase of 51.2 percent. Social media platforms have borne witness to this unprecedented surge in lottery sales in the world’s most populous country. Presently, the hashtag “lottery” has amassed a staggering 230 million views on the Xiaohongshu platform.  Consequently, lottery ticket booths and small

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