The Lunar New Year is a major driver in China's economy

Lunar New Year is celebrated around the globe

“Lunar New Year” is a catchall term that encompasses celebrations in several Asian countries. The date of the new year can vary by location depending on which calendar—lunar, lunisolar, or solar—is being used, but many of the traditions are shared across borders.

Congestion from Lunar New Year holiday travels can last around 40 days

American Thanksgiving or winter holiday travels aren't nearly as busy as Chunyun, the annual travel rush kicked off by the Lunar New Year. It's widely considered to be the largest mass migration of humans in the world. Millions of people travel within China to be home for the traditional family reunion meal.

The last day of the Lunar New Year culminates in the Festival of Lanterns

The Festival of Lanterns celebrates the first full moon of the year. Elaborate, colorful light displays are held throughout China, with many regions having their own unique traditions, from the candle-lit lanterns in the south to the elaborate lighted ice sculptures common in the northeast.

The Lunar New Year was nearly lost

In 1949, Mao Zedong's rise to power reshaped Chinese traditions, including Lunar New Year. Mao saw it as outdated and replaced its festivities with political activities. During the Cultural Revolution, traditional customs were banned. After Mao's death in 1976, reforms under Deng Xiaoping revived the holiday.

Eating fish during Lunar New Year is believed to bring prosperity

Many of the traditional Lunar New Year dishes are deeply symbolic—such as fried spring rolls resembling bars of gold. How the dishes are prepared, served, and eaten is crucial for carrying out their powers.

Red is deeply symbolic in Chinese culture

Since the bold hue warded off the mythical Nian, the color red has come to represent luck, prosperity, and celebration. If you come across a home or neighborhood preparing for new year celebrations, you'll see red lanterns, wall hangings, clothing, and more.

Explained: The Year of the Rabbit

One of the world's largest holidays, this visual guide will help you welcome the Year of the Rabbit and celebrate the new lunar year.

US holiday retail sales reached $973B in 2024

In 2024, US holiday retail sales reached $973B—nearly one-fifth of annual sales. Many companies depend on this season to bolster revenues.

In 2024, China announced plans to establish an international lunar research station

The strategy, which runs until 2050, focuses on advancing space science, fostering technological innovation, and exploring habitable planets and extraterrestrial life, beginning with landing astronauts on the moon before 2030.

Singles' Day was created as a response to Valentine's Day

Inspired by people feeling left out by Valentine's Day, the Chinese holiday celebrates the unattached. It takes place Nov. 11, sometimes referred to as "Double 11," and has become a major shopping day, with over $202B spent on that day in 2024.

Some couples specifically try to birth children in the Year of the Dragon

Dragons are considered so lucky in Chinese culture that it's believed some couples time their children’s births to the Year of the Dragon. That’s debatable. Overall, birth rates in the country have fallen, and it’s not clear if a dragon-baby swell could counteract that.

Ranking the world’s economies: 1980 vs. 2025

The US remains the world’s largest economy, having increased its annual gross domestic product from $2.9T in 1980 to $30.6T in 2025. In 1980, China ranked seventh globally with a GDP of $304B. In 2025, China ranked second with a GDP of $19.4T.

Oktoberfest generates over $1B every year

As one of the largest festivals in the world, Oktoberfest is an economic mainstay for Munich. Analysts estimate the annual beer fest contributes at least $1.4B in revenue to the city alone, accounting for roughly 2% of the city's gross domestic product.

China operates multiple different sovereign wealth funds, primarily backed by profits from a trade surplus

Unlike other countries that primarily use profits from natural resources, China's sovereign wealth funds are fueled by the country's mounting trade surplus. Among the two largest are the State Administration of Foreign Exchange (SAFE) fund and the Chinese Investment Corporation (CIC). China also operates the Silk Road Fund, a strategic investment initiative that backs infrastructure creation in developing countries.

CES has brought more than $6B in economic impact to Las Vegas since 1978

Since moving to Las Vegas in 1978, CES has attracted nearly 5 million attendees and generated more than $6B in local economic impact—boosting hotels, restaurants, transportation, and the city’s global profile.

Almost all Mexican citizens celebrate Day of the Dead

The average Mexican family spends more than $60 USD on celebration elements like flowers, candles, food, and decorations. The holiday also draws more than 2 million foreign tourists to join in the festivities.

Hormone and peptide compounds imported from China soared in 2025

US customs data indicates that these imports doubled to $328M in the first three quarters of 2025, from $164M in the same period of 2024. The imports include GLPs, among other products. (Some users may experience a paywall.)

China is making a deliberate push toward a cashless society

Riding widespread digital finance apps like Alipay and WeBank, physical cash circulating in China fell under 4% of total money in 2023. The trend reflects the country's drive to be a leader in the future of digital payments.

Mother's Day is one of the restaurant industry's biggest days

Brunch is a popular activity for the holiday, leading to large parties, long lines, and big checks—in 2023, the National Retail Federation anticipated $5.6B spent on a meal or outing. That's made Mother's Day a notorious day for service workers, with CNN calling it "The most hated day in the restaurant industry."

China's latest statement on why it wants to 'reunify' with Taiwan

"The Taiwan Question and China's Reunification in the New Era" is a white paper released by the People's Republic of China in 2022. It outlines the Chinese government's reasons for reclaiming/reunifying with the island nation of Taiwan in a series of detailed points. The full text of the document can be found here.

David Stern brought the NBA to China

In 1987, he started shipping VHS tapes of games to state-run TV stations in China, and opened an NBA office there by 1992. Today, China is the league’s second-largest market.

The Federal Reserve acknowledged the impact of the 'Eras' tour on regional economies

Taylor Swift’s music has become so successful, and her global fan base so extensive and so committed, her touring is as much of an economic story as it is an artistic one. Taylor’s tours bring a financial boost to sectors including hospitality and travel.

China has a ‘ghost town of abandoned mansions’

This video shows how China’s property bubble deflated as new-home sales collapsed and more than 50 developers defaulted. In Shenyang, an abandoned “ghost town” reveals the fallout of a boom built on debt and overbuilding that could no longer be sustained.

Aurora-related activities drive significant tourism in regions near the Arctic Circle

As the peak solar cycle approached from late 2024 to early 2026, airlines serving countries such as Iceland, Finland, and Canada increased their scheduled flights, with direct flights to Tromsø, Norway, doubling since 2018. The northern lights tourism market has grown about 10% per year and is expected to increase from $941.9M in 2024 to $1.648B in 2030.

Visa data shows Muslim spending spikes at night during Ramadan

Fasting during the day reschedules economic activity to the night. Visa's spending data shows a surge in Muslim-majority markets during Ramadan at night as restaurants and retailers orient themselves around iftar. The pattern has become a significant target for advertisers and brands.

Fireworks-related ER visits are on the rise—in 2024, they increased by 52% as compared to the prior year.

The US dollar is the most widely circulated currency in the world, and is involved in nearly 90% of global transactions

Up to a million Girl Scouts sell about 200 million cookie boxes every spring, generating $800 million, largely because refusing a child is frowned upon

Fast-casual restaurant Chili's is experiencing a resurgence, with its parent company recently reporting a nearly 32% increase in sales, thanks to passionate Gen Z fans on TikTok.

Electrical grids worldwide must double their power delivery capacity by 2050 to meet surging demand from AI and electric vehicles.

Apollo astronauts left items in the moon's 'toss zone,' including golf balls, family photos, and bags of human waste, to make room for lunar rocks.

Calculate how much of your tax dollars go to each federal program based on your income, filing status, and number of children

NBA superstar Victor Wembanyama spent the 2025 summer training with monks in central China to enhance his body and mind.

In 2026, Finland was named the world's happiest country for the ninth consecutive year based on its wealth, social safety network, and high life expectancy, among other factors.

Before the current East Wing ballroom project, only two White House renovations in the past 100 years cost more than $10M.

A 2019 Facebook event called on attendees to "Storm Area 51, They Can't Stop All of Us," resulting in countless memes, the creation of a music festival, and eventually the arrests of those who did try to approach the area.

Visualize the path of every solar eclipse from 1900 to 2099 and see what each looks like when observed from different locations on Earth.

While El Niño moves warm Pacific Ocean waters east along the equator, La Niña moves them west, shifting where rainfall will become more common for months.

SpaceX's S-1 or 'prospectus' revealed many previously unknown details about the company, including its unprofitability despite doing $18.7B in revenue in 2025, exactly how many voting shares Elon Musk will have in the company (roughly 85%), and more.

Stanford built a Google Maps for the Roman Empire, revealing how much it cost to travel in the ancient world

Hotels in Cannes, the glamorous city on the French Riviera, hire hawks to ward off seagulls during the city's famous film festival.

Human-to-human transmission of hantavirus remains extremely rare, so the 2026 hantavirus cruise ship outbreak doesn't mean we're facing a COVID-style pandemic risk.

See the most iconic photos from four decades of LIFE magazine

Take a 3D tour of the Hajj, Islam's annual pilgrimage to Mecca, undertaken by more than 1.5 million Muslims each year.

Studies suggest when you sleep is as important as how much you get, and syncing with your circadian rhythms may lead to less fatigue and improved long-term health outcomes

Massive blooms of microscopic plankton called dinoflagellates produce the neon blue light seen in glowing tides.

The distributor behind 'Rocky Horror' pulled the film from its scheduled national release, believing it would be a failure, though it eventually amassed a dedicated fanbase through midnight showings, a trend that continues over 50 years later.

Art theft is the third-largest source of criminal revenues worldwide, thanks in part to the subjective nature of valuing a work of art.

See how Budweiser's famous Clydesdales spend their days at Warm Springs Ranch, where roughly 70 to 80 of the beer brand's giant horses can be found at any given time.

Brandi Chastain, the star of the 1999 US victory over China in the 1999 Women's World Cup, was a last-second choice to take the penalty kick that sealed the victory.