Lunar New Year: Why is China pinning hope on the festival to boost economy?
Briefly

Lunar New Year: Why is China pinning hope on the festival to boost economy?
"About 1.4 billion people began marking the Lunar New Year on Tuesday amid fireworks as China enters the Year of the Fire Horse, one of 12 animals in the Chinese zodiac. Known as the Spring Festival in China, the new year, based on the lunar calendar, also brings about the world's largest annual human migration, called Chunyun, as millions travel across the country for family reunions."
"It is also a huge opportunity to boost domestic consumption in the world's second-largest economy, which has been driven by exports. Monday night's gala, one of the largest state-sponsored televised events, was marked by a stunningly synchronised kung fu performance by robots and children. The Year of the Horse, said to bring optimism and opportunity, is following the Year of the Snake, which represented transformation and strategy."
About 1.4 billion people began celebrating the Lunar New Year as China enters the Year of the Fire Horse. The Spring Festival, based on the lunar calendar, triggers Chunyun, the world's largest annual human migration, as millions travel for family reunions. The holiday presents a major opportunity to stimulate domestic consumption in an economy long driven by exports. State-sponsored gala events featured a synchronised kung fu performance by robots and children. Traditional customs include cleaning homes, decorating with red lanterns and couplets, holding reunion dinners, exchanging hongbao, fireworks, dragon and lion dances, temple fairs, and concluding with the Lantern Festival.
Read at www.aljazeera.com
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