Chinese holidays | how it will affect on international trade in 2023?

Introduction

If you do business with China, you have to consider their holidays. We need to realize how Chinese holidays affect the shipping of goods from China and China’s production as a whole. The Chinese New Year of 2023 will start on Sunday, January 22, 2023. From January 21 to January 27, 2023, Chinese people will only need to work if it is a public holiday. China is regarded as a “global factory,” which is closed for a month during the Chinese New Year. Importers from all over the world are impacted by it. We have made a list of Chinese holidays that must be considered when planning business meetings with Chinese suppliers and deadlines for placing orders.

In this article, we talk about the Chinese New Year and how it affects trade worldwide. Please read this article.

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How to handle your shipments during the Chinese New Year?

At this time, this means that it will soon be given out.

Whoever books their shipments first will be the first to load or get their goods.

You will be one of many who try to get their goods shipped quickly before a national holiday. And the lack of containers makes it possible for the worst to happen.

operations to take before the Chinese New Year

Now we discuss the necessary steps for quick delivery of products from China. If you want to get products quickly, you must do it.

• Book your shipping as quickly as possible, effective January 1, to avoid a potential cost increase on your goods and ensure you get a space in these valuable containers. No New Year rumors as of January 4, 2022.
• Plan to use more than one transport method to ensure your packages get to their destinations as quickly as possible.
• If you want to ship small amounts quickly, consider combining them by sea or air.
• Use a customs broker to get your goods through customs as quickly as possible and avoid any more delays.

What is Golden Week in China?

In China, these week-long breaks are called “Golden Week,” and there are two, one in each half of the year.

The first one, called the “Chinese Lunar New Year Golden Week,” is at the beginning of the year, in January or February, to give people time off to celebrate the Chinese New Year.

The second is the National Day Golden Week, which is part of the country’s national day celebrations and takes place in October, right in the middle of the most significant trading time of the year.

How Chinese holidays affect international trade

Before the China Golden Week, demand for Chinese exports soars as companies race to ship their goods abroad before commerce in China shuts down entirely.

Even after Golden Week, there are often insufficient resources or suppliers, so production can be slow to pick up. In the weeks that follow, carriers may still cancel sailings.

But it could be better if you get your goods into or out of China before the celebrations because the delays can sometimes last for months.

For businesses, this might mean breaking contracts, paying late fees, low sales, etc.

If you don’t buy china before the holidays, you risk having your profit, wealth, and product go down. Since the end of the China holiday, this company may have worked hard. Due to this, China has seen substantial export traffic two weeks before the vacation. This is a significant problem for all business owners: holidays are getting longer. This event will take place around the world for about a month.

conclusion

In this article, we talked about the Chinese New Year and the fantastic impact this holiday has on the transportation and business shipping of the world. China will be completely closed in one week, and in the second week, it will only be partly closed. Only a little may be passed on in China during these 14 days. If you want to do business with china during the holiday, you must finish your purchase three weeks before the holiday and have your goods sent to you during the holidays.

With a powerful sales team, Hipofly gives the best advice, with good customs brokers clearing your goods from customs quickly, and with a strong support team, it provides the best service at every step of shipping of your goods. Now is the best time to book your shipping service online if you want to get your goods in time for the Chinese New Year. Contact us to get free quotes on the best ways to ship your cargo.

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