Yes, you guessed it right. We are talking about the Chinese New Year which is now celebrated almost all over the world with the same gusto, just like any other festival. Traditionally, the event is marked by the Chinese people by exchanging gifts and family reunions. Following the traditions, Children are gifted money by their elders in red envelopes to bestow good luck and health upon them. People decorate their houses with banners, red paper cut-outs, and New Year-themed paintings during the festive period.
