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Thursday, February 14, 2013
CHINA: Kids cash in as red envelope inflation hits China
The Spring Festival custom of giving children red envelopes, or hongbao, containing small amounts of money is taking a toll on grown-up; pocketbooks, the Shanghai Daily reports. An online survey found that 40 percent of netizens allocated nearly three months salary for hongbao, with 70 percent expecting to spend more every year. [ more › ]
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