China 'Hungry Ghost' Festival Honors Departed Spirits (VIDEO)

WATCH: China's 'Hungry Ghost' Festival Honors Dead With Money And Food

Chinese citizens are honoring their dearly departed loved ones throughout much of August during the month-long "Hungry Ghost" festival, the BBC is reporting.

Featuring 10-course feasts, musical performances and other spectacular rituals, the elaborate festival is considered a tribute to spirits thought to be roaming the earth. The belief is: the happier the spirits are, the more they'll do to ensure harmony and financial success among the living.

Given the money at stake, any consider the festival also a leading indicator of the local economy.

Watch BBC's report on the "Hungry Ghost" festival here:

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