China’s Lunar New Year Economy and the Year of the Horse: Why the Festivity Matters

In a remarkable display, the recent state-sponsored televised gala featured a strikingly synchronized kung fu performance by both robots and children. Following the Year of the Snake representing transformation and strategy, the auspicious Year of the Horse signifies optimism and potential. The Lunar New Year stands as a pivotal holiday revered not only in China but also across East and Southeast Asia. In the lead-up to this significant event, widespread preparations take place as households engage in extensive cleaning and adornments with red lanterns, couplets, and paper cuttings, symbolizing prosperity and well-being. On Lunar New Year’s eve, families convene for…