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    Home»Latest News»Year of the Fire Horse: Can Lunar New Year festival boost China’s economy? | Explainer News
    Latest News

    Year of the Fire Horse: Can Lunar New Year festival boost China’s economy? | Explainer News

    Team_Prime US NewsBy Team_Prime US NewsFebruary 17, 2026No Comments5 Mins Read
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    About 1.4 billion individuals started marking the Lunar New Yr on Tuesday amid fireworks as China enters the Yr of the Hearth Horse, one among 12 animals within the Chinese language zodiac.

    Often known as the Spring Pageant in China, the brand new 12 months, based mostly on the lunar calendar, additionally brings in regards to the world’s largest annual human migration, known as Chunyun, as tens of millions journey throughout the nation for household reunions.

    Additionally it is an enormous alternative to spice up home consumption on this planet’s second-largest financial system, which has been pushed by exports.

    Monday evening’s gala, one of many largest state-sponsored televised occasions, was marked by a stunningly synchronised kung fu efficiency by robots and kids.

    The Yr of the Horse, mentioned to deliver optimism and alternative, is following the Yr of the Snake, which represented transformation and technique.

    Here’s a fast snapshot of the pageant.

    Worshippers supply incense sticks at a temple on the eve of the Lunar New Yr, welcoming the Yr of the Horse, in Hong Kong, China, February 16, 2026 [Tyrone Siu/Reuters]

    What’s Lunar New Yr?

    It’s an important vacation in China and is widely known by tens of millions of individuals within the nation and in East and Southeast Asia.

    Within the days main as much as it, individuals clear their properties and enhance with pink lanterns, couplets, and paper cuttings that signify prosperity and luck.

    On the eve of the Lunar New Yr, households collect for a big reunion dinner, exchanging hongbao, pink envelopes of money as an emblem of blessings and luck.

    The celebrations often final about 15 days, ending with the Lantern Pageant. Fireworks, dragon and lion dances, temple gala’s throughout huge cities and the hinterland are widespread throughout this era.

    Within the Chinese language zodiac, annually is related to one of many 12 zodiac animals, which is believed to affect the 12 months’s character and fortune.

    The animal from the Chinese language zodiac is then paired with any one of many 5 components: steel, wooden, water, hearth and earth.

    That is the Yr of the Hearth Horse.

    This 12 months’s official vacation is 9 days, quite than the everyday eight, with New Yr’s Day falling on Tuesday, February 17.

    lunar new year
    Lantern installations at Yuyuan Backyard earlier than the Lunar New Yr, in Shanghai, China, February 10, 2026 [Chenxi Yang/Reuters]

    What’s Yr of the Hearth Horse?

    The Chinese language zodiac system is extremely complicated, repeating each 12 years, every represented by an animal on this order: rat, ox, tiger, rabbit, dragon, snake, horse, goat, monkey, rooster, canine and pig.

    The 12 months of 1’s delivery decides their zodiac signal; that means, those born final 12 months have been Snakes, this 12 months’s kids could be Horses and subsequent 12 months’s could be Goats.

    A posh mechanism decides how the 12 months can be paired with one of many 5 components.

    This 12 months, the aspect is Bing, or huge solar, paired with the Horse. This pairing happens each 60 years, most not too long ago in 1966.

    For individuals who consider within the Chinese language zodiac, the Yr of the Hearth Horse represents an explosion of vitality and independence, with unpredictable realignments.

    new year
    Zhang Huoqing, proprietor of a toy store, unpacks horse plush toys in Yiwu, Zhejiang province, China, January 21, 2026 [Nicoco Chan/Reuters]

    Why is China hoping the Lunar New Yr spending will enhance the financial system?

    The Spring Pageant in China is not only cultural but in addition economically important, sometimes driving a spike in consumption throughout a number of sectors.

    Individuals spend closely on meals and festive items, leisure, and tourism, with retail and e-commerce platforms registering a surge in gross sales through the pre-holiday interval.

    The Chinese language authorities can be anticipating a report 9.5 billion passenger journeys through the 40-day Spring Pageant interval, up from 9 billion journeys final 12 months, as they journey for annual reunions.

    The federal government has additionally issued client vouchers price greater than 360 million yuan ($52m) this month to spice up consumption.

    China is seeking to enhance home spending in its subsequent five-year financial plan, the place households save practically a 3rd of their revenue.

    lunar new year
    Worshippers gentle their incense sticks on the primary day of the Lunar New Yr, the Yr of the Horse, on the Taoist temple of Sin Sze Si Ya in Kuala Lumpur, Malaysia, February 17, 2026 [Hasnoor Hussain/Reuters]

    The place else is Lunar New Yr celebrated?

    It’s a international phenomenon extending past China. In East and Southeast Asia, a number of nations observe the Lunar New Yr below distinct cultural pretexts.

    As an example, Vietnam celebrates Tet Nguyen Dan, which emphasises household reunions and particular culinary traditions like banh chung. In South Korea, Seollal, or the Korean New Yr, focuses on honouring ancestors and the consumption of tteokguk, a rice cake soup believed to grant individuals one other 12 months of age.

    In Southeast Asian nations like Singapore and Malaysia, the vacation is a multicultural occasion marked by public holidays.

    Diaspora communities in cities like San Francisco, London, and Sydney additionally host a few of the largest celebrations on this planet, that includes large parades, dragon boat races and fireworks.

    Enjoyable truth in regards to the Yr of the Horse

    This Lunar New Yr discovered its mascot in a quite uncommon place: within the World of Harry Potter, a wildly standard British manufacturing. And that too within the franchise’s hottest villain, Draco Malfoy.

    In Mandarin, the identify Malfoy is written phonetically as “ma er fu”. The opening character, ma, signifies “horse” and the closing character, fu, represents “fortune” or “blessing”.



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