My favorite festival is the Lantern Festival, also known as Yuanxiao Festival, which takes place on the 15th day of the first lunar month in China. During this festival, people light up lanterns and release them into the sky, symbolizing the hope for a bright future. There are also various activities such as lion dances, dragon dances, and lantern riddle guessing. I love the Lantern Festival because it brings people together to celebrate and enjoy the beautiful lantern displays, creating a joyful and festive atmosphere.