Kim Chiu celebrates Chinese New Year with family

Arturo Kim
February 7, 2019

"I think this is the most important thing for Chinese families", said Richard Yu, owner of Topfresh Asian grocery in Charlottetown.

Millions of people across the world are today celebrating Chinese New Year, or the Lunar New Year.

Chinese New Year is one of several festivities which belong to the Lunar New Years in Asia.

Despite a slowing economy, more Chinese are travelling overseas during the holidays, booking family trips to Thailand, Japan and other top destinations. It was 375,000 last year and Sydney tourism operators are counting on even more this year.

On Tuesday, China's box office raked in a whopping 1.43 billion yuan ($210 million), breaking the old record of 1.27 billion yuan ($188 million) set on the first day of CNY a year ago.

Real estate agents mount special marketing campaigns to sell apartments to Chinese visitors and retailers' sales of luxury goods rival the pre-Christmas rush.

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Thousands visited the International Buddhist Temple in Richmond, B.C., on Tuesday to pray and burn incense while welcoming the Lunar New Year.

The 12-year cycle culminates in the Chinese zodiac sign of the Pig, a symbol of prosperity in Asian culture.

The recovery time for spot market freight rates after Chinese New Year can take an awfully long time. Throughout China, the holiday season, also known as chunjie, lasts for more than two weeks.

This year the southwestern megacity of Chongqing became the latest municipality to tighten its curbs on firecrackers by introducing a total ban after the practice was blamed for causing 410 injuries and starting 36 fires in recent years, the news platform 163.com reported.

As Asian-Americans across the USA mark the Lunar New Year on Tuesday, they can celebrate by eating Mickey Mouse-shaped tofu, sporting a pair of Year of the Pig-inspired Nike shoes and by snacking on pricey cupcakes. There will also be a fortune teller game to provide answers on what could happen to you in the Year of the Pig, reports Food and Wine.

This year it will be the year of the pig. "And if the Lunar New Year will do it, why not?"

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