Some 500,000 people watch a parade in Manhattan 's Chinatown on February 1 . Australia hosts one of the world 's most elaborate Chinese New Year festivities . Lights will light up the nighttime sky over Cockle Bay in Sydney .
Some 500,000 will watch a parade in Manhattan 's Chinatown on February 1 . Singapore hosts one of the world 's most elaborate Chinese New Year festivities . Fireworks will light up the nighttime sky over Cockle Bay in Sydney .