We did Chinese New Year early since I want to spend next week making Valentine's cards and gifts for the grandparents.
We started out watching a Ni Hao Ki Lan video on Chinese New Year celebrations. Then we read a couple of books: Dragon Parade by Steven A. Chin and Chin Chiang & the Dragon's Dance by Ian Wallace. We discussed the various things mentioned in the stories like: lion statues at entrances for good luck, red is a lucky color, firecrackers to scare away evil spirits.
http://www.activityvillage.co.uk/ and made a simple wreath with printouts of the zodiac animals from http://www.dltk-kids.com/.