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Instead years have names that are repeated every 60 years.
(Historically, years used to be counted since the accession of an emperor, but this was abolished after the 1911 revolution.) Within each 60-year cycle, each year is assigned name consisting of two components: The first component is a Celestial Stemm.
Today, New Year’s parades take place around the globe.
Chinese New Year is the main holiday of the year for more than one quarter of the world’s population.
Here, a new moon is the completely "black" moon (that is, when the moon is in conjunction with the sun), not the first visible crescent used in the Islamic and Hebrew calendars.