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2/6/2009-- Chinese parents have found it difficult but necessary to teach their children some financial lessons, starting tightening their purse strings amid the worsening financial situation.

Zeng Huaying, mother of a ninth grader in Xiamen, east Fujian Province, managed to persuade her 14-year-old son Tang Ling to pool all his red-packet money - traditionally given to children in red envelopes during Spring Festival to ward off evil spirits - into a finance management scheme.
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