Feng Shui for the economy in the year of the Wood Dragon

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

The year of the Wood Dragon (Giáp Thìn) has the Heavenly Stem Giáp, belonging to the Wood element, and the Earthly Branch Thìn, belonging to the Earth element. According to the Five Elements theory, Wood clashes with Earth. Therefore, this year may bring many conflicts.

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

Raymond Lo, a feng shui expert in Hong Kong (China), said that the Fire element – symbolizing happiness and optimism – dominated the years 2013-2017, but disappeared for several years afterward. Water – representing negative energy and fear – emerged, bringing about challenges the world faced 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 brought the Wood element. Wood generates Fire, helping tourism and entertainment in many countries recover somewhat after two gloomy years. However, 2022 was not peaceful, with the Russia-Ukraine conflict, due to the belligerent nature of the Water Tiger. In 2023, the Fire element remains completely absent.

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

This year, due to the Metal element overcoming the Wood element, the Wood element will bring prosperity to industries related to Metal, such as banking, high technology, automobiles, machinery, cosmetics, etc. Next to benefit are industries related to Wood, as Wood overcomes the Earth element. These include media, fashion, environment, and herbal medicine.

Industries related to the element of Fire, such as restaurants, entertainment, finance, and energy, remain vibrant but are not overly prosperous.

Conversely, sectors related to Water, such as transportation, will face difficulties. Earth-related sectors will also encounter 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-animal zodiac that doesn't actually exist. The Year of the Dragon is often associated with activity and reaction. The Wood element of the Wood Dragon can help ignite the Fire element. Therefore, experts advise people to be prepared for an unpredictable and turbulent year.

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

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

In addition, this year will also see many major global changes due to elections in various countries. Allen advises people to be cautious with their personal finances. She says cash is always valuable and investment decisions should be carefully considered.

Ha Thu

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