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They all agreed that the old man must be a deity who had come to help free them of the beast.From then on, every Chinese New Year's Eve, families would hang red banners, set off fire crackers, and light their lamps the whole night through, awaiting the Chinese New Year. The custom spread far and wide and became a grand traditional celebration of the "Passing of Nian" ("Nian" in Chinese means "year").So celebrating the Chinese New Year should be called "passing of Nian" or "Guo Nian" in Chinese. However the term was gradually changed to "Spring Festival" after the Chinese Communist Party (CCP) took power in 1949.