Budai aka Laughing Buddah- Wooden Figurine

Laughing Buddah about maybe 4" tall and wooden. Appears to be hand carved. I found this piece at a garage sale in Geneva, IL and it caught my eye. I paid about $5 for it.

Budai is traditionally depicted as an obese, bald man wearing a robe and wearing or otherwise carrying prayer beads. He carries his few possessions in a cloth sack, being poor but content. He is often depicted entertaining or being followed by adoring children. His figure appears throughout Chinese culture as a representation of contentment His image graces many temples, restaurants, amulets, and businesses.