Some Chinese traditional customs include pasting spring couplets, hanging red lanterns and eating dumplings, to celebrate the Chinese Lunar New Year or Spring Festival, while many elderly give lucky money to children as gifts.
The custom has evolved into sending out "red packets" containing money by bosses to employees or among relatives and friends.
The holiday stands as a cultural symbol and a global economic phenomenon. When China celebrates the Spring Festival, the rest of the world benefits. The Chinese are sending out "red packets" to the world.
Chinese enterprises' "red packets"---- "acquisition trend"
Additionally, the grand consumption economy has inspired Chinese enterprises to implement a "go global" strategy.
On Feb. 3, China National Chemical Corporation announced its purchase of the largest farm chemical company in the world, Switzerland-based Syngenta, at a cost of 43 billion US dollars, setting a record for a Chinese companies' overseas acquisitions.
Overseas mergers and acquisitions have become the driving force of China's foreign investment in 2015. Last year, the total value of acquisition deals by Chinese enterprises had reached 656 billion US dollars.
In 2016, China’s acquisition drive remains dynamic. Chinese enterprises have gotten involved in four M&As, bidding 61.7 billion US dollars for property in the US and Europe.
China will expand its investments in nations participating in the "Belt and Road" Initiative. Well, are you ready to scramble for China's "red packets?”
CCTV
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