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Red is 4 blood and yellow is 4 wealth

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The Chinese chose red and yellow as colors for their flag because red symbolizes sacrifice and yellow symbolizes groundedness. Hence, the colors express that China is grounded in sacrifice wrought from the Communist Revolution.

N.B.: The current Chinese flag was unveiled October 1st, 1949. There are five golden stars present on a red field: one large star and four equally sized smaller ones. The smaller stars are located in a right-handed circumference about the largest one. The largest single star represents The People's Communist Party of China. Each smaller star represents pillars of the Chinese nation, that is, its Soil, Mind, Wealth, and Labor.

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