Red is the color of choice for Chinese, even down to your undergarments. Red envelopes containing small gift (usually monetary) are often given to children. We plan to eat at our local (authentic) Chinese restaurant tonight. They don't speak much English so dinner is always interesting. It becomes a case of pointing at the menu item very carefully and hoping the server has good eyesight.
I wish you a prosperous new year...filled with lots of everything wonderful!