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AP Photo/Eugene Hoshiko
The Chinese New Year, also referred to as the Lunar New Year, begins on February 10 and the Chinese have begun preparing for the festival at home and in Malaysia, Indonesia, Australia and India.
2013-02-09
China is witnessing "chunyun" or a 40-day migration of students and migrant workers to their home for the New Year holiday.
This year marks the year of the snake. Analysts will be watching the spending patterns of consumers to gauge the economic recovery in China.
Everyone else will be watching the celebrations.
Millions of Chinese travel from cities to their homes for the Chinese Lunar New Year that begins February 10.
But Nian was afraid of the color red which is why decorations for the festival are overwhelmingly red. The color is also said to symbolize virtue and truth.
The CLSA released a feng shui index based on the signs of the Chinese zodiac that features lighthearted predictions for financial markets, property and celebrities in Hong Kong ahead of the New Year.
Mamta Badkar is formerly a reporter at Business Insider. She has a master's degree in journalism from Columbia University and previously reported for Verve magazine in India.