On February 10, we say goodbye to the introspective, more pensive rabbit and greet the most prized of all the Chinese zodiac signs, the dragon. But not just any ordinary dragon; 2024 ushers in the year of the wood dragon. Buckle up because it is going to be a wild ride!

In addition to being associated with a zodiac animal, each year is also associated with one of the five elements (earth, wood, water, fire, metal). This year’s element is wood. While the dragon is an auspicious sign, it is also a volatile one, offering fast-paced opportunities that could yield tremendous successes or abysmal failures. The wood element – which fuels flames – enhances the intensity of the dragon. Expect the possibility of great transformations that positively impact the course of world events. In the last wood dragon year, 1964, Martin Luther King, Jr. won the Nobel Peace Prize, the Beatles arrived in America, and the Civil Rights Act of 1964 was passed. But there were also great upheavals. The U.S. radically ramped up its involvement in Vietnam and students began protesting en masse; Nelson Mandela, after giving his “I am prepared to die” speech, was sentenced to life by a South African court; the second most powerful earthquake – registering a 9.2 on the Richter scale – occurred in Alaska; and three civil rights workers, a part of the 1964 Freedom Summer, were brutally murdered in Mississippi.

But we should keep hope that the wood dragon will usher in peace and positivity in the world as the dragon is not just the most revered animal of the Chinese zodiac, it is also the kindest. When the Jade Emperor, ruler of heaven and earth, created the Chinese zodiac, he decided to create a 12-year cycle calendar, with an animal representing each year. Instead of just choosing his favorites, he challenged the animals of the world to a race. The first 12 to arrive at his palace on the other side of the river would become part of the zodiac. The dragon came in fifth. Shocked, the Jade Emperor asked the dragon how that could have happened given that he can fly. The dragon told him that he had gotten waylaid. First, he had to stop to help provide rain to a village of farmers whose crops were dying from draught. Then, as he was about to fly across the river, he saw the rabbit clinging on to a log in a sad attempt to cross the river. “I had to help the rabbit” the dragon told the Jade Emperor. “So I blew gently on the log to make sure the rabbit would safely arrive on the other side of the river.”  

For the dragon, power should be used to help others, not dominate over them. And that fits with some of the most famous dragons: Bruce Lee; Martin Luther King, Jr.; Joan of Arc; John Lennon; Adele; and Pelé. With the wars in Ukraine and Gaza and the U.S. presidential election, hopefully this characteristic of using power to help others will dominate in the year to come. Heavens knows we need it.

What does the wood dragon have in store for you? That all depends on your own Chinese zodiac sign. Fortunately, the aptly named website, The Chinese Zodiac.com has listed its Lunar New Year predictions for the 12 zodiac signs. You can read what is in store for you here (remember those born in late January to early February should look up the precise date of the lunar new year for your birth year to make sure you have the right zodiac sign).

Ultimately the lunar new year is less about predictions than it is about spending time with family and friends. So to our East Asian friends who celebrate the lunar new year, 恭喜发财! (Gong Xi Fa Cai – pronounced gong see fa tsai and meaning “wishing happiness and wealth”).