they're not in any way equivalent. China has a national day in October, we are not celebrating that. Chinese New Year is their equivalent of Christmas. the fact that you're trying to draw parallels is humorous, concede you don't understand and move on (or just go back to talkback radio/writing letters to the Herald Sun).They are equivalent in that they’re a celebration of their respective national culture.
Why is this hard for you to understand or are you being deliberately obtuse?