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Geographically, Chinese people say seven continents, as you listed above, except Oceania(大洋洲), which stands for Australasia and almost all small islands in Pacific ocean.
I did a little research and found this on "Chinese wikipedia", and translated it for you: Giving out 红包 is a Chinese convention during New year (Festival). In China the color red stands for joy, luck and happiness. Giving out 红包 to someone (usually 18-) means bringing luck and wish to them. And the money in it is only to make kids happy. Below is ...
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