| Click for the Finfacts Ireland Portal Homepage |

Finfacts Business News Centre

 Irish Economy
 EU Economy
 US Economy
 UK Economy
 Global Economy
 Asia Economy

Finfacts changes from 2015


How to use our RSS feed

Follow Finfacts on Twitter

Web Finfacts

See Search Box lower down this column for searches of Finfacts news pages. Where there may be the odd special character missing from an older page, it's a problem that developed when Interactive Tools upgraded to a new content management system.


Finfacts is Ireland's leading business information site and you are in its business news section.


Finfacts Homepage

Irish Share Prices

Euribor Daily Rates

Global Cost of Living

Irish Tax - Income/Corporate




Content Management by interactivetools.com.

Asia Economy Last Updated: Feb 20, 2015 - 9:30 AM

Chinese Lunar New Year: Year of the Wood Goat begins this week
By Michael Hennigan, Finfacts founder and editor
Feb 17, 2015 - 12:08 AM

Email this article
 Printer friendly page

The Tapestry-Embroidery of Nine Goats Opening the New Year (New window) from the Ch'ing dynasty (1644-1911). The National Palace Museum of Taiwan where the tapestry is located says it is a typically decorative style of the Ch'ien-lung reign (1736-1795) with its pursuit of complexity and perfection.

The Chinese Lunar New Year or Spring Festival as it is more commonly known as on the mainland, is the most important of the traditional Chinese holidays. On Thursday the Year of the Wood Goat begins after a 12-year break.

The Goat comes 8th in the Chinese zodiac. The 12 zodiac animals are: Rat, Ox, Tiger, Rabbit, Dragon, Snake, Horse, Goat, Monkey, Rooster, Dog, and Pig. According to Chinese astrology, each year (starting from Chinese New Year) is associated with an animal sign, occurring in a 12-year cycle.

This is an outline of the Feng Shui for the new year.

The CLSA brokerage in Hong Kong says that the calendar is broken into a 60-year cycle (六十花甲) also known as Stems-and-Branches (干支), a cycle of 60 terms used for recording time in days, years and even minutes, and in addition, directions of the compass. It first appeared in Chinese written texts from the Shang dynasty (1766 BC to 1122 BC) on oracle bones. The cycle of 60 stems and branches became the means to record years from around the middle of the 3rd Century BC. Since that time, time and direction have been assigned to certain elements, zodiac signs and resultant influences. This computation gives us the year, Wood Goat, and the direction from which negative energy potentially arises.

Besides, being the world's most populous country, it's no surprise that China has a big diaspora and the ethnic Chinese in Southeast Asia are termed as the people from Nanyang —  the South Sea. The Chinese use practical  location names e.g. Beijing is North City; Nanjing — the imperial capital city until 1421 — is South City; Tokyo is called East City and the Japanese word for East Sea is Tokai.

Most Chinese can speak Mandarin and their regional dialect. The people of China's industrial heartland, the Pearl River delta province of Guangdong, north of Hong Kong, speak Cantonese as Hongkies (residents of HK)  do. Napoleon Bonaparte, French emperor, had a role to play in the predominance of Hokkien, the dialect of the southern region of Fujian province (north of Guangdong) in two separate islands in Southeast Asia: Penang, northwest of Peninsular Malaysia (south of Thailand) and Singapore, off the southern tip of Malaysia.

Napoleon made his brother King of Holland in 1806 and in London, the exiled Prince of Orange had entrusted protection to the British for the Dutch colony of the East Indies (modern Indonesia) and the fortified trading post of Malacca on the coast of south Malaysia. However, Robert Townsend Farquhar, the British governor of Penang, ordered the destruction of the Dutch fort in Malacca as he saw it as a trading rival for Penang. Chinese Hokkien settlers were urged to move to Penang.

Some years later, Stamford Raffles of the East India Company, selected the island of Temasek (Sea Town in Javanese, now known as Singapore, the Lion City) as a better location for a trading post than Penang and Raffles used a succession dispute in the Sultanate of Johor to get the necessary local agreement. Meantime, the part of the Hokkien population, who had not moved north to Penang, crossed the strait to the island, as did the Japanese in early 1942 to receive the greatest surrender of British forces in history, from General Arthur Percival, who had commanded the Essex Regiment in Bandon, my hometown, in 1919.

So after that detour: Gōng xǐ fā cái ! - - the traditional Chinese New Year's greeting in Mandarin means may prosperity be with you.

I'm heading to Ipoh, Wednesday, which had a tin mining boom in the 1930s.

Last year The Washington Post had a feature on the city:

An accidental trip to Ipoh, Malaysia

Related Articles

© Copyright 2015 by Finfacts.ie

Top of Page

Asia Economy
Latest Headlines
IMF defers renminbi reserve decision; Devaluations losing firepower
Japan's trade deficit widens and GDP falls despite 33% yen devaluation
China's exports slide in July; Fx reserves dip $42.5bn in month
Chinese manufacturing PMI falls for 5th straight month in July; Japan at 5-month high
China's overseas investments to surge; Ireland got €99m of €46bn invested in EU in 2000-2014
China to overtake US economy in 2026; Income per capita will be 50% of US in 2050
Manufacturing activity in China and Japan contracted in June
China's manufacturing contracted for third straight month in May; Japan in slight rise
Asia accounts for 40% of global output, two-thirds of global growth
China's exports unexpectedly fell in April 2015 after March dip
China's growth in 2015 at slowest since early 2009
China's 2015 foreign trade continues to slide
Singapore remains world’s top location for business on 50th anniversary of independence
China's manufacturing activity fell to a 11-month low in March
China in surprise rate cut to boost sagging economy
Chinese Lunar New Year: Year of the Wood Goat begins this week
China’s manufacturing shrunk in January; Regional rise except Indonesia
Profits of Chinese industrial businesses plunged in 2014
China's growth in 2014 fell to a 24-year low
Services activity in China, Japan and India in moderate rises in December
China’s manufacturing industry remains competitive despite rising wages
China revises 2013 GDP up 3.4% to 56.5% of US economy size
China's manufacturing contracts in December; Japan's grows
China's imports slide in November; Emerging markets slow
Manufacturing PMI stalled in China in November; Fell in Korea, Indonesia , grew in India
China's manufacturing output contracted in November; Japan's accelerated
Ireland not among top 67 destinations for Chinese outbound FDI in 2014
Japan fell into recession in third quarter of 2014
Services slowed in China, contracted in Japan and stagnated in India in October
Manufacturing in South Korea/ Indonesia contracted in October; India in slight rise
Two Chinese manufacturing reports show trading near stagnation levels
Bank of Japan raises money printing target; Spending and wages plunge
China's manufacturing stagnates, Japan in moderate growth
China’s economy in third quarter grew at slowest pace in five years
Chinese exports jump in September; "Sadness will return soon"
World Bank cuts growth forecasts for developing East Asia including China
Japanese business confidence slightly improves; Manufacturing sector weak
Developing Asia remains fastest-growing region in world in 2014
Chinese manufacturing PMI rose slightly in September
Japan reports 26th straight monthly trade deficit; Public debt tops ¥1,000tn