Traditionally, people don't pay New Year visits on the third day of the Lunar New Year.
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Also known as 小年朝 or 赤狗日 - an old folk belief held that the 赤狗 'red dog' would stir up quarrels on this day, so people stayed in. Modern significance is mainly the middle-school grade: 初三 students prepare for the 中考 entrance exam to senior high.