The Spring Festival is the most solemn and bustling traditional festival in China. It has a long history and evolved from the sacrificial activities at the ancient times. New Year's Eve is dedicated to sacrificing ancestors, praying for the New Year as the center, and launching in various forms of activities. Festive atmosphere is strong with abundant content, condensing the essence of traditional culture of Chinese civilization.
China has a long history in spending Chinese New Year. In the long-term development, some relatively fixed customs have been formed. Many of them still exist at present, such as buying new year's goods, sweeping dust, posting Spring Festival couplets, eating reunion dinners, giving lucky money, fireworks, etc. Traditional festival ceremonies and related customs activities are main contents of festival elements, carrying colorful festival cultural connotations.
The Spring Festival is the most important traditional festival in Chinese nation. It not only embodies the Chinese nation's ideological beliefs, ideal wishes, life entertainment and cultural psychology, but also is a carnival show of blessing, food and entertainment. The Spring Festival, the Ching Ming Festival, the Dragon Boat Festival and the Mid-Autumn Festival are also known as the four traditional festivals in China.
Apart from the annual Chinese New Year in Chinatown, according to incomplete statistics, about 8 countries in the Asian have designated the Lunar New Year as a statutory holiday. The Spring Festival is being celebrated in China, but also in Vietnam, Indonesia, North Korea, South Korea, Singapore and Malaysia. The Lunar New Year is the most important holiday in the whole year.
The Spring Festival is China's most important and culturally significant festival, and it is also an important driving force for promoting industrial economy and domestic consumption. With the rapid growth of the national economy, the disposable income of residents has been continuously improved. The consumption of the Spring Festival has also evolved from traditional New Year goods to festive products and services such as New Year's works, product crafts, leisure and entertainment. During the Spring Festival, the large-scale flow of people, finance, materials, information and art has promoted the all-round prosperity of culture, commerce, transportation, tourism, telecommunications, finance, and catering, and formed a unique "Chinese New Year Economy."