The Lantern Festival (or Yuan Xiao Jie元宵节) in China
The Lantern Festival, also known as Yuan Xiao Festival. As the word Yuan means first while Xiao means the full moon day, this festival celebrates the first full moon day of the first month of the lunar calendar. This day also symbolizes the formal ending of the long Chinese New Year. The stories behind the Lantern Festival are many, one widely accepted version is that: after suppressing a rebellion the Han Emperor decided to celebrate the precious peace with the all the people on the day when the rebellion was appeased. Since then, the fifteen day of since the Chinese New Year was celebrated as a key festival in China.
With respect to the Buddhism, the emperor in the Dong Han Dynasty ordered to light up lanterns which later became one of the key rituals that people would do on this day. Other ways of celebration also include eating the Sticky Rice Balls and dragon dancing.