Economic Feng Shui in the Year of the Dragon

The Year of the Dragon is predicted to bring prosperity to industries such as banking and high technology, but pose challenges to real estate and mining.

The year of Giap Thin has the Heavenly Stem Giap of the Wood element and the Earthly Branch Thin of the Earth element. According to the Five Elements, Wood overcomes Earth. Therefore, this year may have many conflicts.

On Business Today , Ken Koh - a feng shui expert in Singapore - predicted that tensions in the Middle East may escalate in the Year of the Dragon. However, the situation will then calm down and optimism will return. The world will be brighter from the third quarter.

Raymond Lo, a feng shui expert in Hong Kong, China, said that the fire element - symbolizing happiness and optimism - was dominant in 2013-2017, but disappeared for several years after that. The appearance of water - the element symbolizing negative energy and fear - caused the world to experience many challenges such as the US-China trade war and Covid-19.

A 24K gold dragon statue at a Chow Tai Fook jewelry store in Hong Kong (China). Photo: China Daily — A 24K gold dragon statue at a Chow Tai Fook jewelry store in Hong Kong (China). Photo: *China Daily*

The Year of the Tiger 2022 brings the Wood element. Wood generates Fire, helping tourism and entertainment in many countries recover somewhat after two gloomy years. However, 2022 is not a peaceful year, with the Russia-Ukraine conflict, due to the aggressive nature of the Water Tiger. In 2023, the Fire element is still completely absent.

In the Year of the Dragon, as the Dragon is considered a "symbol of the arts", industries such as entertainment, beauty and culture-related businesses will flourish. However, the economic recovery will only truly appear when the Fire element returns in the Year of the Snake 2025.

This year, because Metal overcomes Wood, the Wood element will bring prosperity to industries related to Metal, such as banking, high technology, cars, machinery, cosmetics... The next beneficiaries are industries related to Wood, because Wood overcomes Earth. These are media, fashion, environment, herbs...

Fire-related industries, such as restaurants, entertainment, finance, and energy, are still vibrant, but not overly prosperous.

On the contrary, the fields related to Water, such as transportation, will face difficulties. The Earth industries will also face challenges, such as real estate, mining, and insurance.

According to SCMP , Feng Shui experts say that the Year of the Dragon always attracts attention because it is the only animal in the 12 zodiac signs that does not exist. The Year of the Dragon is often associated with action and reaction. The year of the Dragon also has the Wood element, which can help to ignite the Fire element. Therefore, experts advise people to always be ready for an unpredictable and volatile year.

However, thanks to the Wood element symbolizing intelligence, the Year of the Dragon can promote science and technology. Breakthroughs in AI and robots are predicted to appear more and more this year.

On ABS-CBN , Filipino feng shui expert Marites Allen said that 2024 will be "a very interesting year" because it marks the beginning of a new 20-year cycle in feng shui. She said that this year's lucky color is green and that to get through the year of the Dragon smoothly, people should maintain positive thinking every day.

There will also be major changes globally this year, as countries hold elections. Allen advises people to be cautious with their personal finances. She says cash always has value and investment decisions should be carefully considered.

Ha Thu

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