News Snapshot:
The Guardian - 07:46 AM GMT October 12, 2020 Shenzhen residents can win one of 50,000 ‘red packets’ to spend in local shops Authorities in the Chinese city Shenzhen have begun giving away more than 10m yuan ($1.49m) in a citizens lottery, as part of trials of a newdigital currency. Almost 2 million people applied to be one of 50,000 randomly selected citizens receiving a “red packet†valued at 200 yuan (about US$30) on Sunday, to spend at 3,800 designated outlets in the district of Luohu. Participants must download the official digital Renminbi app, which is not yet publicly available,...
