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If you literally translate "Gong Xi Fa Chai", it would mean "wishing you enlarge your wealth."

Gong Xi: means wishing/blessing

Fa: means enlarge(ment)

Chai: means wealth

So a literal translation is that you wish someone will become very rich, but the phrase is generally used as Happy New Year.
Gong Xi Fa Chai everyone!
by chowman February 20, 2007
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Apr 18 Word of the Day
Joe: my mom died yesterday

John: bruuhh

Joe: Yo my mom just won million dollars

John: bRuHhh

Joe: my mom made dinner for us
John: bruh
by I eat forks with noodles October 30, 2019
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