State - owned firms , government offices brought back Chinese New Year parties this year . Chinese New Year office parties comparable to office Christmas parties in West . But the austerity drive launched by the new Chinese leadership of Xi Jinping , coupled with the economic slowdown , has led government departments and state-owned enterprises across China to cancel or radically scale back new year festivities this year -- the equivalent of office Christmas parties in the West , but often far more lavish . CIC , PetroChina , and Bank of China cancelled some or all new year events . Chinese New Year this year is February 10 .
State - owned firms , government offices brought back Chinese New Year parties this year . Chinese New Year office parties comparable to office Christmas parties in West . CIC , PetroChina , and Bank of China cancelled some or all new year events . Chinese New Year this year is February 10 .