Lunar New Year Celebrations In LAThe Lunar New Year is also referred to as the Chinese New Year. Each year, thousands of people join together in celebration of this joyous Asian holiday. Lunar New Year is not only a holiday celebrated in Asia, but also around the world. Los Angelenos are lucky to live in a city that offers up tons of celebrations for the Lunar New Year. Enjoy many activities, amazing fireworks displays and some of the best traditional dragon dancing, all of which contribute to community relationship building right here in LA.