Cash subsidy in 'red envelopes' for Chinese New year
Neha Sahay | | Published 05.02.21, 12:17 AM Sun Zheng laughed, recalling the time he had to stop his practice of giving ‘Red Envelopes’ to officials whose approval was essential for the smooth running of his cosmetics unit. Decorative red envelopes containing cash are traditional Chinese New Year gifts, normally exchanged among families. The practice of giving them to government officials had, some years ago, reached such a pitch that the Communist Party had to warn the offi...
Source: telegraphindia.com