The character shown on the lantern 快 is actually the first of two...the second of which you can't see here. 快 (Kuài) by itself means fast or quick. Together 快乐 (Kuàilè) means happy or joyful. A double meaning for this image with the man speeding by on his bike.
Now and then I look at images from modern China and realize the shot could have easily been made 60 or 70 years ago.
Liuzhou - Guangxi Province.