Happy Chinese New Year
February 7, 2008 is the first day of the Chinese new year. 2008 is the year of the rat.
Gung Hay Fat Choy! (may prosperity be with you)
Traditionally, Red envelopes or red packets (lai shi or lai see) are passed out during the Chinese New Year's celebrations, from married couples or the elderly to unmarried juniors. It is common for adults to give red packets to children. Red packets are also known to be used to suppress or put down the evil spirit during this period.
Red envelopes always contain money, usually varying from a couple of dollars to several hundred. The amount of money in the red packets should be of even numbers, as odd numbers are associated with cash given during funerals. Since the number 4 is considered bad luck, because the word for four is a homophone for death, money in the red envelopes never adds up to $4. However, the number 8 is considered lucky (for its homophone for "wealth"), and $8 is commonly found in the red envelopes. Sometimes chocolate coins are found in the red packets.
Odd and even numbers are determined by the first digit, rather than the last. Thirty and fifty, for example, are odd numbers, and are thus appropriate as funeral cash gifts. However, it is common and quite acceptable to have cash gifts in a red packet using a single bank note — with ten or fifty yuan bills used frequently.