China’s lottery raises $25bn for public welfare over 23 years
BEIJING, CHINA – China’s government run lottery has been running for 23 years and it was announced that it has raised a total of 164.5 billion yuan ($25 billion) for public welfare funds since it started.
The Welfare Lottery Distribution and Welfare Centre (WLDMC) said Monday that sales of lottery tickets since 1987 totaled 500 billion yuan ($75.2 bn).
Half of the funds were allocated to social welfare projects organized by local governments, and the rest to public welfare funds or projects administered by central authorities, including the Ministry of Civil Affairs (MCA), said the statement.
The statement added that the civil affair authorities had supported more than 200,000 projects “for the public good” over the past 23 years.
According to the WLDMC, the projects supported included social welfare institutions, child welfare associations, homes for the aged in villages and towns, and community service centers.
Published: December 7, 2010