This is the Chinese Character "Fu" (and yes, I know it is upside down!) let Wikipedia explain it:
The character Fu meaning "good fortune" or "happiness" ...
When displayed as a Chinese ideograph, Fu almost universally displayed upside-down. The reason 'why' is based on a wordplay: in nearly all varieties of Chinese: the words for "upside-down" and "to arrive" are homophonous or nearly homophonous. 中國福字 - goodluck chinese、chinese new year、chinesenewyear2011、chinesenewyear2012、culture、superstition、tradition 中文、中國新年、2011年中國新年、2012年中國新年、文化、迷信、傳統 資料來源:openclipart ( https://openclipart.org/ )