False. This was not part of the Chinese New Year celebration. It was part of the "KGV Silver Jubilee Procession", and took place on May 5, 1935.
See a clip of the dragon dance here:
youtube.com/watch?v=PLKQSn
As always, has more information here:
gwulo.com/media/19420
Quote
China in Pictures
@tongbingxue
Looooooooooooong in Hong Kong, celebrating Chinese New Year, 1935.
