with all due respect mate,but i believe Chinese are spending lots of money because they are gaining lot also that year so they are celebrating with Gallant ways of celebrations.
i am not a Chinese but i have many Chinese friends and learning from them?this is the most celebrated days for them(second to Mooncake festival) so why are we to question their ways?
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The spending frenzy is absolutely never ceased to amaze all the time.
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Wow, the Chinese truly are money-oriented,
they are and they are doing this for centuries,also i have respect on their traditions as they are respecting mine also.
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Its a typical work hard to spend hard culture, it is perfectly healthy! Also adding some extra ingredients into the mix, by proposing various habit of spending lavishly. Gambling, fire crackers, tossing red envelopes, and so on. Btw doesnt it fit perfectly into the teaching of goto school, graduate, get a good job with benefit, and retire with pension. There is absolutely no issues by following the rule.
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So if the china new year is today, it means that this year is not like previous 5 years. This year started with an uptrend comparing to previous new years

At least
there is something positive here 
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Exactly, the expectation is shooting up in the trajectory, expect to receive a myriad of good advices, when to get a job, when to get a kid, when to get an investment, when to get ...!
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