January 26, 2009
Posted: 445 GMT

BEIJING, China — It's meant to be China’s biggest party of the year, when everyone forgets their hardships (and there are plenty even when the economy is going gang busters) and celebrates. So as I was walking around the famous Drum and Bell Tower and the swanky bars of Houhai in Beijing, I couldn't help but feel it was all a little flat. In fact at times, it seemed as if there were more western tourists who were out and about letting off firecrackers than locals were seeing in the Lunar New Year.

A worker installs lanterns to celebrate the Chinese New Year in front of the Bird's Nest on January 24 in Beijing.
A worker installs lanterns to celebrate the Chinese New Year in front of the Bird's Nest on January 24 in Beijing.

There's an old Chinese superstition, the way you spend the Lunar New Year will portend the rest of the year – if that’s the case then China looks to be in for a very quiet, almost miserable year. The bars were not full, the crowds just didn't appear, and the fireworks lasted barely 20 minutes. Compared to last year, it was a bit of a dud. Even on the first day of the Lunar New Year, barely any fireworks (the last two years the fireworks barely let up even during daylight hours, certainly the fire crackers could be heard from early morning to late, late at night and on it went for two weeks). Watch why the Year of the Ox is looking more bearish than bullish

The men selling the fireworks on the street corners also seem to be hit by the economic downturn . . . not surprising when you realize a box of decent crackers can cost 800 RMB ($117.00). That's a lot especially when you might have just lost your job, or as is more likely to be the case, had a wage cut or overtime slashed. Chinese typically don’t like talking about tough times ahead, the concept of face means it's incredibly important for them to keep up appearances. This isn’t the U.S., where almost everyone is willing to open up and tell you practically everything about their financial pain, where there is a collective catharsis about sharing stories of hardship.

It’s also tricky getting a read on China's economy by using government supplied statistics, but perhaps the lack of enthusiasm, people and fireworks, might be yet another anecdotal piece of the jig saw puzzle which confirms China is feeling the pinch much more than last quarter’s 6.8% GDP numbers would suggest.

Tradition has it that the loud bangs on Lunar New Year are meant to scare away the evil spirits – this year, with fewer being able to afford the fireworks and crackers, perhaps the evil spirits might be staying around.

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Filed under: China • Economy


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bobby brown   January 26th, 2009 518 GMT

stop hating on china. China is going to surpass the usa, just deal with it

David Liu   January 26th, 2009 532 GMT

Two facts make the above content completely nonsense:
1. Chinese people do not celebrate the most important day of the year in bars.

2. Houhai is where most of the old residence and heritages are. It would be a joke to say that the locals like to light up firecrackers there.

The lack of cultural understandings is proven.

Tan Boon Tee   January 26th, 2009 606 GMT

Why believe in old superstitions when most Chinese (especially the younger generation) are doing away with them? China may be looking forward to a quiet year, but not necessary a paltry one.

In this global financial downturn, practically all nations are feeling the seizure. China will not be the exception, only a matter of lesser degree.

Less loud bangs, more evil spirits? If one cannot say anything good in the New Year, BETTER DON’T say anything at all.
(Tan Boon Tee)

jann   January 26th, 2009 1340 GMT

How depressing, but it is all relative. I can't be anything but 'impressed' with the overt attempt to paint the bleakest picture possible of China. The irony is the US is in worse shape financially, even if its citizens have a higher standard of living and seem to be celebrating in style, i.e the Inauguration.

Chenchong   January 26th, 2009 1717 GMT

"Chinese typically don’t like talking about tough times ahead" is an positive attitude that helps Chinese survive for thousand years. This isn’t the U.S., where almost everyone is moaning practically everything about their financial pain which they deserve. Learn from Chinese!

threemeals   January 26th, 2009 1828 GMT

Poking a conflict between peoples to stimulate economy and make a profit.

Roy Liu   January 27th, 2009 532 GMT

Strongly agree with David Liu's comment, and I just have 2 points to say:
1.Houhai in Beijing is most famous for bars which attract a lot of foreigners, so it is no surprise to see more foreigners than Chinese there, especially during a time when most Chinese are back home gathering with their families.
2.Well, admittedly, Chinese economy is affected by the Crisis to some extent, but compared to Americans who are more realistic(most of the time except for listening to Obama's speech:), Chinese people tend to think and behave more optimistically. This is just a cultural difference, and I don't consider either one as completely good or bad, however in this economic recession, an optimistic mood is definitely more helpful. As long as we realize these differences, we could know how things really work.
What is important is a positive cultural communication,which means learning from each other and cooperating with each other. As the 2008 Olympics Theme Song "You and Me" goes, "You and me, from one world, we are family."
–From a Chinese college student studying in the U.S.

threemeals   January 28th, 2009 043 GMT

From today's news:

LOS ANGELES, California (CNN) - A man apparently despondent about losing his job killed his wife and five children before turning the gun on himself, officials said Tuesday.

Yep, the Evil spirits stay around this year. A sad story from John's neighborhood.

threemeals   January 30th, 2009 654 GMT

Today, (CNN) - "A relative of a 93-year-old Michigan man who froze to death in his home says the incident could have been prevented if someone had used common sense."

"The temperature in Marvin Schur's home was 32 degrees when his body was found, a medical examiner said."

"Marvin Schur's neighbors found the World War II veteran's frozen body in his Bay City bedroom on January 17, four days after a device that regulates how much power he uses - installed because of failure to pay - shut off his power. A medical examiner said the temperature was 32 degrees in his house when Schur's body was found."

John, you know Mr. Schur might have been just slow in making the payment as he was old – 93. He might have the money (or his investment was stolen?). I am sure people feel sad about this kind of things, do you? Is your father younger? Check up on his utility payment for him, ok?

This year, things are tough. Let the Evil Spirits stay around in China only. You go ahead and preach more.

DENNIS JUNIOR   February 2nd, 2009 201 GMT

John:
I wish the people of China and all people of Chinese heritage: a happy lunar New Year.

andie   February 2nd, 2009 404 GMT

Hey, I want to make a comment about the half filled bars comment. I am sorry but we are not talking about US here, so you can never judge if Chinese are half-spiritually celebrating their new year from the look in bars! Nightclubs and bars are places for foreigners and Chinese youngsters(actually I doubt many will be there on the Night of New Year Arrival), while the majority (elders and middle aged) people celebrate new years by having feasts together as a family in their homes! If you are really desperate to look for signs of public celebrations, go to the Chinese restaurants during dinner time around new year instead, and you will be guaranteed to see full reservations in every popular dinners.

So Dear Mr. Vause, you obviously went to somewhere credibly false.

threemeals   February 2nd, 2009 1928 GMT

DENNIS:

They, all of them, wish you a Happy New Year, too!

Mark   February 5th, 2009 1630 GMT

The most fascinating thing to me is not the story, but the comments.
No bad news in China.
No sirree.
Not allowed.
Nope.

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