15 days after the Lunar New Year, there is New Year Festival known as the Lantern Festival. Traditionally, everyone would make a variety of red lanterns, candles, and lamps. Everyone would hold them and play and congregate in the streets. Now, there are usually parades in the streets that have floats decorated in red and with lanterns all over them. The Lantern Festival symbolizes the end of the Spring Festival, and signifies to everyone to resume normal life again.
The Lunar New Year, also known as the Spring Festival, is the biggest and most celebrated traditional Chinese holiday. 15 days after the first day of the lunar calendar, there is another festival known as the Lantern Festival. These lanterns are usually red, which is the most important color in Chinese culture. It symbolizes prosperity, good luck, wealth, and happiness. It is used in almost every big holiday or tradition. In older days, everyone would make the lanterns and candles and come together in the streets to interact with each other. It was a time for all the children to have a free play day and a time for the adults to have some time to talk amongst one another. It symbolizes the end of the Spring Festival. The light from lanterns and candles is supposed to light up the sky, to let the heavens know the festival is over but that China is still as one, praying for the Gods to bless the New Year. It is a last hurrah for the two weeks that the Spring Festival lasts. It lets everyone know that it is time to resume normal life. Firecrackers are sometimes set off as well, to alert the Gods and ancestors that everyone will be returning to school and work, but asking them to keep blessing everyone on Earth with the good luck of the New Year. My informant remembers visiting China once for the duration of the Spring Festival when she was very young and she thought it was a magical time.