And that gives us a chance to look at the colourful celebrations you have held on the special day across Sunderland and County Durham in previous years.
We have great archive photos from Grangetown Primary, Sandhill View, Camden Square Infants and Millfield Community Nursery schools.
There’s lots more as well in this series of photos taken from the Sunderland Echo archives.
Take a look and see if you can spot someone you know.
1. Great times at Grangetown Primary
Grangetown Primary School pupils Honey Cook, Blayne Leadbitter and Dean Wallace were pictured with artist Lip Lee celebrating the Chinese New Year in 2014.
Photo: Picture by Peter Berry
2. Dancing at Sandhill View School
Students from Sandhill View School celebrated the Chinese New Year in 2009 by dancing at the Thai China restaurant.
3. Meeting Molly the sheep
Youngsters at Millfield Community Nursery School had the opportunity to meet 'Molly' the sheep as part of the nursery marking the Chinese New Year in 2015.
Photo: Picture by David Allan
4. Dancing on the roof in 2008
A Tai Chi session on the roof of the National Glass Centre in 2008. It was held as part of Wearside's Chinese New Year celebrations that year.