The first part in a new series of films produced by Musée d'Orsay, 'Flight of the Red Balloon' tells the story of a French family as seen through the eyes of a Chinese student. The film was shot in August and September 2006 on location in Paris. This is Hou Hsiao-Hsien's first Western film. It is based on the classic French short The Red Balloon directed by Albert Lamorisse.

Fang comes back to her parents’ home in Nanjing, to spend some time with them. During her stay, her elder brother’s family comes for a family reunion, she receives a Yengisar knife as a gift and her sister-in-law tries to set her up on a blind date. Around her, time goes by, memories come back in the conversations, some she knows, some not. The present is mixed up with the past, and the steps towards the future may walk along the path of eternal loss.