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?
5. Lion Dancing
The Sheffield Lion Dancing team start the Chinese new year celebrations along London Road, concentrating on the many Chinese business alolng the route. Gordon Chan with the lions head in 2003. Photo: JPI Media
6. Dancing in the street
The Sheffield Lion Dancing team start the Chinese new year celebrations along London Road, concentrating on the many Chinese business alolng the route. The monk led the lion up London Road in 2003. Photo: Andrew Partridge
7. The procession
In 2003 the Sheffield Lion Dancing team start the Chinese new year celebrations along London Road, concentrating on the many Chinese business alolng the route. Photo: Andrew Partridge
8. Sheffield and District Chinese Association
Some of the Chinese Children pictured at the Sheffield and District Chinese Association and Sheffield and District Chinese School New Year celebrations at the King Edward VII lower School hall , performed the Lion dance in 2004 Photo: Barry Richardson