The color red during the Chinese New Year festival signifies good luck, happiness, and prosperity. It is a symbol of joy and warding off evil spirits, making it prevalent in decorations, clothing, and gifts exchanged during celebrations. Red envelopes filled with money, known as hongbao, are given to children and unmarried adults, symbolizing well-wishes and fortune. Throughout the festivities, the color red predominates in various forms, reinforcing its significance in Chinese culture and the collective hopes for the upcoming year.