AKIPRESS.COM - It is the start of the Chinese Lunar New Year and the Year of the Sheep is being celebrated in style around the world, reports Daily mail.

Locals and visitors alike have taken to the streets, particularly in countries where it is a public holiday, like Taiwan, Singapore and Malaysia.

Known as Tet in Vietnam and Seollal in South Korea, the 40-day festival is traditionally a time to be with family but involves spectacular dances, dangerous stunts and the traditional gifting of hong bao packets.

Dating back as far as the 14th century, this year's celebrations will mark the beginning of year 4713 on the Chinese calendar.

It marks the beginning of a new agricultural season, as well as a new year, and is considered a time to reunite and take part in traditions intended to bring good fortune over the coming 12 months.

In China, this period is also known as the Spring Festival, and traditionally, it kicks off with a large meal known as the reunion dinner where dumplings and fish are served as symbols of prosperity.

Families take great care to be together on this night, which is usually held on New Year's Eve.