It depends on the perspective. The Spring Festival (Chinese New Year) is generally considered more significant than New Year's Eve (Chuxi) in Chinese culture.

New Year's Eve, Chuxi, marks the end of the lunar year and is an important family occasion. It is when people gather to celebrate and enjoy a festive dinner together. However, it is just the precursor to the main event, which is the Spring Festival.
The Spring Festival itself, which lasts for about two weeks, is the most important traditional holiday in China. It symbolizes the renewal of life and the passing of the old year to welcome the new one. During this time, there are many customs and activities such as red decorations, firecrackers, and giving red envelopes (hongbao) with money to children and elderly family members.
So, in terms of importance, the Spring Festival is typically seen as more significant than New Year's Eve. However, whether one is "better" can be subjective, as it often depends on personal experiences and traditions.
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