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Lunar New Year, often called the Spring Festival or Chinese New Year, is the most important holiday in China and many other ...

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Big Chinese Lunar New Year celebrations took place in Chinatown on Wednesday. FOX 5 NY's Meredith Gorman takes us to the 27th annual firecracker ceremony and cultural festival.

It is the most significant holiday in China — which is why it is sometimes called Chinese New Year — but is celebrated in many Asian cultures, often with unique traditions and customs.