辞旧迎新 (cíjiùyíngxīn) Ring out the Old Year and Ring in the New
The character “辞 (cí)” means to bid farewell; “旧 (jiù)” means old or
former; “迎 (yíng)” means to welcome and “新 (xīn)” means new.
Háizimen fàng biānpào lái cíjiùyíngxīn.
The children are setting off fireworks to see the old year out and welcome the new one.