China girl, 12, uses lai see money to buy shop, paying mum US$440 salary to run it for her

A 12-year-old girl from central China showed her business acumen by using her savings to buy a stationery shop and hiring her mother for 3,000 yuan (US$440) a month. Li Yue, who lived in Jiangxi province and received over 44,000 yuan (US$6,400) in lai see during the Spring Festival, decided to invest the money in a business. She believed that depositing the money in the bank would offer an interest rate too low to keep up with inflation. While on her way to the bank, Li spotted a stationery...

By Zoey Zhang