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Thursday, February 14, 2013

CHINA: Kids cash in as red envelope inflation hits 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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