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Student wins lottery, leaves school
Student wins lottery, leaves schoolPosted: 12/30/2007 11:23:23 AM  A college student withdrew from school after winning the 5 million yuan ($683,000) jackpot in a lottery in China's eastern city of Nanjing, local media reported on Thursday. The second-year student at the Jiangsu Maritime Institute, identified by the nickname Yong to protect his identity, was the sole first-prize winner in the "Double Color Ball" issued by the China Welfare Lottery on Tuesday, the Beijing News said. "After winning the lottery, Yong told his roommates that he would share 2,000 yuan with each of them," it added. Yong informed school authorities of his winnings, and had returned home. "We are not sure if he will return to school, but we hope he will eventually finish his education," the paper quoted Yong's teacher as saying. The Communist Party abolished lotteries in China after taking power in 1949, denouncing them as a practice of decadent capitalists. But the country launched state-run lotteries in 1987 amid market-oriented reforms. Lotteries have become increasingly popular both among the poor and the newly rich in China, where many forms of gambling are banned. Per capita income in China's urban areas is roughly $1,900 a year and about $600 a year in rural areas. Lottery-related crimes have been on the rise as well, and underground lottery schemes have become rampant across the country in recent years, bankrupting many families. Last month, China set up its first help center for lottery addicts, offering counseling and legal assistance. Source: Reuters
United States Member #10921 January 23, 2005 773 Posts Offline |
| Posted: December 30, 2007, 12:12 pm - IP Logged |
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I keep forgetting that Red China has a Lottery. Why is it called the Welfare Lottery? Meantime, only 6 or so miles away from here, someone won Mega Millions, and other than seeing the jackpot reset and a brief article in the local Paper the day after, you would have no idea, nor is there any information anywhere if any one came forward yet or who it is. Even at the store itself there are no banners up, no news reporters camped out, and it is eerily quiet there.
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Westchester, New York United States Member #49802 January 27, 2007 167 Posts Offline |
| Posted: December 30, 2007, 1:10 pm - IP Logged |
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That really is not enough money to retire on...I wonder if he'll regret that. "If you just keep believing, that dream that you wish will come true" 
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Westchester, New York United States Member #49802 January 27, 2007 167 Posts Offline |
| Posted: December 30, 2007, 1:11 pm - IP Logged |
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I keep forgetting that Red China has a Lottery. Why is it called the Welfare Lottery? Meantime, only 6 or so miles away from here, someone won Mega Millions, and other than seeing the jackpot reset and a brief article in the local Paper the day after, you would have no idea, nor is there any information anywhere if any one came forward yet or who it is. Even at the store itself there are no banners up, no news reporters camped out, and it is eerily quiet there. Are you talking about the last Mega Millions jackpot where there were two winners? I think it's kinda weird also that no one has come forward yet. "If you just keep believing, that dream that you wish will come true"
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Austin United States Member #9550 December 6, 2004 62 Posts Offline |
| Posted: December 30, 2007, 1:17 pm - IP Logged |
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It is if you live in China. What does the average Chinese make-less than $1000 a year?
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NY United States Member #24178 October 16, 2005 1471 Posts Offline |
| Posted: December 30, 2007, 1:29 pm - IP Logged |
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That really is not enough money to retire on...I wonder if he'll regret that. This is in China and the article said the per capita income in urban areas is $1900 a year, and less in rural areas? He'd probably regret it if he moved to the US and thought he could live the rest of his life on that, but it appears to be more than enough to be reired in China. Of course there was nothing inth earticle to indicate that he has any plans to retire or skip a colege education.
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United States Member #13375 March 30, 2005 1112 Posts Offline |
| Posted: December 30, 2007, 1:32 pm - IP Logged |
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It is if you live in China. What does the average Chinese make-less than $1000 a year? Per capita income in China's urban areas is roughly $1,900 a year and about $600 a year in rural areas. This guy isn't stupid. He was smart enough to get into school. He's not going to just live on the winnings, he's going to buy a few nice factories and start churning out goods & toys for foreign companies. Well on his way to being a multi-millionaire (in any currency) in a few years. Prince of Insufficient Light ~ Ruler of Heck
"The Earth moves around the Sun." -- some 'crazy' guy, 1632
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United States Member #5437 June 30, 2004 21790 Posts Offline |
| Posted: December 30, 2007, 8:28 pm - IP Logged |
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United States Member #13375 March 30, 2005 1112 Posts Offline |
| Posted: December 30, 2007, 8:41 pm - IP Logged |
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5 million yuan ($683,000) / Per capita income in China's urban areas (of) roughly $1,900 a year = 359.47 years income. Does anyone here think if they were given 300 times what they made on 2007, they would be going broke anytime soon? Prince of Insufficient Light ~ Ruler of Heck
"The Earth moves around the Sun." -- some 'crazy' guy, 1632
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United States Member #5437 June 30, 2004 21790 Posts Offline |
| Posted: December 31, 2007, 4:39 pm - IP Logged |
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5 million yuan ($683,000) / Per capita income in China's urban areas (of) roughly $1,900 a year = 359.47 years income. Does anyone here think if they were given 300 times what they made on 2007, they would be going broke anytime soon? Does anyone here think if they were given 300 times what they made on 2007, they would be going broke anytime soon? Yes... without an education.. What a waste to throw away.
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