Yes. I would not say this particular celebration is exactly what we have in Liyue, nor its components.

But it's similar enough that we can blend the two.

[ Also, since I forgot to mention it earlier, sometime within 24 hours Nyx will receive 250 points from Zhongli as part of the New Years gift. (Though it may come from Childe's bank account). Can't put points in a red envelope - what else are you gonna do? ]