_Chinese New Year is the most important of the traditional Chinese holidays. In China, it is known as "Spring Festival," the literal translation of the Chinese name 春節, since the spring season in Chinese calendar starts with lichun, the first solar term in a Chinese calendar year. It marks the end of the winter season, analogous to the Western carnival. The festival begins on the first day of the first month (Chinese: 正月) in the traditional Chinese calendar and ends with Lantern Festival which is on the 15th day. Chinese New Year's Eve, a day where Chinese families gather for their annual reunion dinner, is known as Chúxī (除夕) or "Eve of the Passing Year." Because the Chinese calendar is lunisolar, the Chinese New Year is often referred to as the "Lunar New Year".

Chinese New Year is the longest and most important festivity in the Chinese calendar. The origin of Chinese New Year is itself centuries old and gains significance because of several myths and traditions. Chinese New Year is celebrated in countries and territories with significant Chinese populations, such as Mainland China, Hong Kong, Indonesia, Macau, Malaysia, Philippines, Singapore, Taiwan, Thailand, and also in Chinatowns elsewhere. Chinese New Year is considered a major holiday for the Chinese and has had influence on the lunar new year celebrations of its geographic neighbors. These include Korean (Seollal), Bhutanese (Losar), and Vietnamese cultures.

Within China, regional customs and traditions concerning the celebration of the Chinese new year vary widely. People will pour out their money to buy presents, decoration, material, food, and clothing. It is also the tradition that every family thoroughly cleans the house to sweep away any ill-fortune in hopes to make way for good incoming luck. Windows and doors will be decorated with red colour paper-cuts and couplets with popular themes of "good fortune" or "happiness", "wealth", and "longevity". On the Eve of Chinese New Year, supper is a feast with families. Food will include such items as pigs, ducks, chicken and sweet delicacies. The family will end the night with firecrackers. Early the next morning, children will greet their parents by wishing them a healthy and happy new year, and receive money in red paper envelopes. The Chinese New Year tradition is to reconcile, forget all grudges and sincerely wish peace and happiness for everyone.

Although the Chinese calendar traditionally does not use continuously numbered years, outside China its years are often numbered from the reign of the Yellow Emperor. But at least three different years numbered 1 are now used by various scholars, making the year beginning in AD 2012 the "Chinese Year" 4710, 4709, or 4649.

I stole most of this from wikipedia...stop SOPA and PIPA!
Year of the Dragon

Fifth in the cycle, Dragon Years follow the Rabbit and recur every twelfth year. The Chinese New Year does not fall on a specific date, so it is essential to check the calendar to find the exact date on which each Dragon Year actually begins

The Year of the Dragon is one of the most revered years of the Chinese New Year calendar, and those born under the sign are regarded as innovative, passionate people who are colorful, confident and fearless.

The  Dragon is sometimes called a "karmic sign." The Dragon is larger than life and its appearance means that big things are to come. The Year of the Dragon is a flowing river, not a stagnant lake, so things happen quickly earlier in the year. The Dragon marks progression, perseverance and auspiciousness. It may also bring about unpredictable events.
More importantly, 恭喜發財, 新年快樂, 年年有餘,
身体健康, 龙马精神, 生意兴隆.

Happy New Year!