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These red Chinese lanterns are decorated with black lettering. Chinese lanterns can be any color, but red is traditionally used in conjunction with other colors. Each color has its own meaning, but meanings can change depending on the context. Red represents happiness and good luck; white, purity, old age and wisdom. Yellow and gold represent the first emperor, but also earth and mourning. Blue is associated with immortality, while black stands for honesty as well as death or misfortune. Taken from ehow.

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