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Mar
2013

Spending and receiving habits over Chinese New Year

Chinese New Year, like Christmas in the west has expanded from a single day of celebration to a week long holiday with a long run up period and a trailing tail. It’s the official end of the work year, and a time when individuals choose to reward themselves and often give and receive gifts to or from others. As the end of the fiscal year, it is also the time when employees receive an annual bonus that in most cases is the equivalent of one, or perhaps two months’ salary, so it’s a traditional time of spending…..

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