Chinese good luck wall hanging featuring a carved dragon design red knot tassel.

Materials: The main carved section is typically made of resin (sometimes described as faux jade or peking glass due to its green insets) and wood. The string and tassel are usually a red cord or silk. Symbolism: Red Knot: The intricate red knot (known as the Panchang knot in some cases) is a traditional Chinese craft symbolizing reunion, friendship, peace, warmth, love, and good luck. Dragon: The red dragon is a powerful symbol in Chinese culture, representing strength, good luck, wealth, and prosperity. Green Insets: While the exact nature of the green material in your item is likely resin, jade is traditionally a symbol of prosperity, good health, and success. Tassel: The long red tassel at the bottom often signifies happiness, wealth, and longevity.