The Lunar New Year is the most important social and economic holiday for billions of people around the world. The holiday is tied to the lunar-solar Chinese calendar and was originally observed as a time to honor household and heavenly deities and ancestors. Today, Lunar New Year is a special time to bring friends and family together for feasting and festivities in China (Chinese New Year), Korea (Seollal), Vietnam (Tết Nguyên Đán), Japan (Shōgatsu), Mongolia (Tsagaan Sar ) and other countries all over the world.
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