Insights & News

How Chinese New Year May Impact Your Business

Posted On January 19, 2017

Many of our customers conduct business in China, and as a result, we wanted to inform you on how Chinese New Year (CNY) may impact your company. CNY typically spans over a period of 7 days, during which a high percentage of businesses and factories are shut down across the Chinese mainland. The holiday is recognized in several other Asia Pacific countries as well, however, their celebrations typically last 1-3 days on average. Countries that celebrate Chinese New Year include Singapore, Hong Kong, Malaysia, Korea, Indonesia, and Vietnam.

CNY 2017 holiday dates are as follows:

Most people will return to work on Chinese New Year day 7.

The standard public holiday for (Mainland) Chinese is the 7 days from Chinese New Year’s Eve to day 6 of the lunar calendar new year (January 27 – February 2, 2017).

That’s Friday, February 3 in 2017.Sea ports, and airports operate. However, it is important to note that there is an average of 40% reduction in flights scheduled to/from China. Shipments arriving China during CNY may be subject to storage costs unless arrangements have been made in advance.

Thank you for your business, and we wish you a Happy New Year, wherever you are!