Asian nations celebrate Lunar New Year of the Dragon

With fireworks, feasts and red envelopes stuffed with cash for the kids, numerous Asian nations and overseas communities have welcomed Saturday the Lunar New Year.

It begins with the first new moon of the lunar calendar and ends 15 days later on the first full moon. The dates of the holiday vary slightly each year, falling between late January and mid-February as it is based on the cycles of the moon.

Festivities to mark the Year of the Dragon in Taiwan were marked by appearances by newly elected president Lai Ching-te and the speaker of the Legislature, Han Kuo-yu, who represents the opposition Nationalist Party that favors political unification with China.

In her address, Tsai said Taiwan faced a continuing conflict between “freedom and democracy versus authoritarianism” that “not only affects geopolitical stability, but also impacts the restructuring of global supply chains.”

“These past eight years, we have kept our promises and maintained the status quo. We have also shown our determination and strengthened our national defense,” Tsai, who is barred by term limits from seeking a third four-year term, said in reference to the self-governing island democracy's close economic ties but fraught political relations with China which threatens to invade the island to realize its goal of bringing Taiwan and its high-tech economy under its control.


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