The Chinese Lantern Festival also called Shangyuan Festival .is a Chinese traditional festival celebrated on the fifteenth day of the first month in the lunisolar Chinese calendar, during the full moon. Usually falling in February or early March on the Gregorian calendar, it marks the final day of the traditional Chinese New Year celebrations.On the night of the Chinese Lantern Festival, streets are decorated with colorful lanterns, often with riddles written on them. People eat sweet rice balls called tangyuan, watch dragon and lion dances, and set off fireworks.