The Chinese New Year is celebrated on the first day of the first lunar month of the year and is an important festival for the people of Beijing. This event occurs annually and the time is not fixed as it is planned on the basis of the lunar calendar. Loved ones are visited and special traditional food is cooked and eaten. Children are given gift money by the elders. Vibrant celebrations which are held across the city carry on for a week. Fireworks displays are held across the city.