The Chinese New Year is fast approaching!
The Chinese New Year is fast approaching!
Chinese New Year, or Spring Festival, is associated with a number of economic changes, including imports.
What does this mean?
production and availability of goods may be limited – many factories close their doors, sometimes even in the run-up to Chinese New Year
increased prices – it is possible that the cost of products will rise due to increased demand
Long Christmas break – not all companies and factories return to work immediately after the New Year break ends, many companies may remain closed for several more days
once the holidays are over and operations return to normal, there may be increased interest in products and services
Delays in delivery schedules – due to the holiday break, factories, and in some cases transportation companies, may experience delays in delivery schedules
During this period, it is advisable to plan your orders in advance to minimize potential disruptions