To mark the occasion we have dug out some pictures of celebrations from years gone by across the city.
Will you be watching the festivities again this year and who can you recognise in the photo gallery?
1. Youngsters celebrate
Youngsters from the Sheffield Chinese Comunity sing to audience members to celebrate Chinese New Year in 1999 Photo: JPI Media
2. Myrtle Springs School
Pictured at Myrtle Springs school East Bank Road, Sheffield, in 2000 where the Chinese New Year Celebrations were taking place. Seen are children in the crowd at the celebration. Photo: Mike Waistell
3. Making decorations
Chinese Community Centre Youth Project Worker Belinda Shiu decorated the centre in 2002 Photo: Barry Richardson (Staff)
4. Informing the community
Mr Ting Sang Wong the Sheffield and District Chinese Association Chairperson put up a notice for the Chinese New Year at the Chinese Community Centre in 2002 Photo: Barry Richardson (Staff)