STUDIO CITY (CBSLA.com) — More than 125,000 people are expected to attend this weekend’s annual Chinese New Year Festival in Los Angeles’ Chinatown.

The celebration — one of the oldest in the nation — is being held from noon to 5 p.m. Sunday in Chinatown’s Central Plaza and West Plaza on North Broadway.

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Shirley Xiang appeared on KCAL9 News on Sunday morning to discuss a world record attempt for the number of pieces of paper to create the final piece – a snake sculpture.

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Xiang explains the year of the snake is significant in Asian tradition as it marks change and is filled with contemplation and reflection.

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For more information, visit Chinatown LA online.