The 1.20 yuan stamp is from 2007 China-Indonesia joint issue illustrating Lion Dance.
Lion dance (simplified Chinese: 舞狮; traditional Chinese: 舞獅; pinyin: wǔshī) is a form of traditional dance in Chinese culture, in which performers mimic a lion's movements in a lion costume. The lion dance is often mistaken as dragon dance. An easy way to tell the difference is that a lion is operated by two people, while a dragon needs many people. Also, in a lion dance, the performers' faces are covered, since they are inside the lion. In a dragon dance, the performers can be seen since the dragon is held upon poles. Basic lion dance fundamental movements can be found in most Chinese martial arts.