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A Chinese university here has established a research institute to conduct research and development of the country's booming lottery business and guide the industry's healthy development.
The Lottery Research Institute of Beijing Normal University is aimed to promote the healthy development of China's growing lottery industry by conducting lottery development research, nurturing lottery management experts and guiding the industry's development, Xinhua news agency reported.
It will also make efforts to promulgate the philosophy of public benefits contained in lottery industry as well as provide public services.
In 2011, lottery sales in China hit 221.5 billion yuan (about $34. 8 billion) and 63.4 billion yuan was received as public welfare funds, official statistics shows.
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