china_flag

China’s global status has drawn attention to the country’s new year celebrations and their economic impact, according to the L.A. Times.

Read: China’s new home prices fall 5.1%

This year the holiday is from February 18 to 24, but factory workers typically take a week or two more than that.

“It all means an annual headache for retailers and importers overseas who rely on China. Shipping companies warn customers that China’s transport and logistics networks are at capacity and their shipments must be at ports two weeks ahead of the holiday to stand a chance of getting on a boat before the country shuts down,” explains the report.

Read more here.

Also read:

Chinese affiliates of Big Four settle with SEC

Dealing with foreign wealth

Originally published on Advisor.ca

Add a comment

You must be logged in to comment.

Register on Advisor.ca