5-Year-Old Cuts Mao's Portrait from 500 Yuan Notes, Costs Father 50,000 Yuan

• A 5-year-old Chinese girl in Qingdao, Shandong Province, cut Mao's portrait from 500 100-yuan notes.
• The incident resulted in a loss of 50,000 yuan (Rs 6.3 lakh) for her father.
• The girl was left alone and used scissors to cut the figure of Mao Zedong from the banknotes.
• Banks may not exchange the severely damaged notes due to tiny fragments and cutouts.
• Social media users reacted with amusement, some praising the girl's skills, others calling it a 'tax on stupidity'.

Why It Matters: A child's innocent play led to a significant financial loss and sparked online debate.