Business set-up and consulting in China

Chinese New Year 2023 and national public holidays in China

By C.i. Process (Shanghai)
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Chinese new year impact on your business
 
  Publication updated on November, 9th, 2022      
 
Home > regulations and news > Chinese lunar new year schedule for 2023 and public holidays.
 

1. The day of the Chinese lunar New Year in 2023

Year
Chinese New Year day
Chinese zodiac sign

Happy chinese New Year of the Tiger!

2022
February 1, 2022
Water Tiger
2023
January 22, 2023
Water Rabbit
2024
February 10, 2024
Wood Dragon
2025
January 29, 2025
Wood Snake
2026
February 17, 2026
Fire Horse
2027
February 06, 2027
Fire Goat



2.
The official annual public holidays schedule for 2022 and 2023 in China

To this day, the State Council has not yet published the official dates of the annual public holidays for 2023. The dates indicated for next year are provisional and remain subject to change. This page will be updated as soon as the holidays are officially released.

 

Traditional festivals
Official holidays 2022
Forecast holidays 2023
New year's day
Saturday 01 to Monday 03 January
Sunday 01 to Tuesday 03 January
Chinese New Year (农历新年)
Mon 31 January to Sun 06 February
Saturday 21 to Friday 27 January
Qingming Festival (清明节)
Sunday 03 to Tuesday 05 April
Monday 03 to Wednesday 05 April
Labor Day (劳动节)
Sat 30 April to Wed 04 May
Monday 01 to Wednesday 03 May
Dragon boat festival (端午节)
Friday 03 to Sunday 05 June
Thursday 22 and Friday 23 June
Mid-Autumn Festival
(中秋节)
Sat 10 to Mon 12 September
Friday September 29
National Day (国庆节)
Saturday 01 to Friday 07 October
Sunday 01 to Saturday 07 October


In addition, here are the links to the leave and holiday 2022 calendars valid in Hong-kong and Taiwan.e.

 

3. Impact of the Chinese New Year on your business relationship with China

 

a. A unique annual period that impacts production

Although not yet officially announced, the official dates of the next Chinese New Year vacations should from Saturday 21st to Friday 27th January 2023, that is to say 1 week. As every year, this does not mean that all companies' employees will go on vacation and return to work on these dates.

Why ? This period is the only time when factories and manufacturing centers can close for several weeks. For the factory workers, it is the unique and traditional opportunity to join their families, often far away from their workplace.

Anticipate that many manufacturing sites :

  • will close or are severely slowed down 1 to 2 weeks before the official New Year's date.
  • will not reopen until 1 to 2 weeks after the end of the official vacation schedule.

 

b. The effects of the New Year and the greater population migration

The New Year means hundreds of millions of people are on travelling. Despite a well-developed national transport network, congestion remains unavoidable. The return of employees is done gradually. As this period is an opportunity for employees to receive their annual bonus before the holidays, it is usual that some of them do not return. They change employer, job or region. This also means that this context must be taken into account if you plan to recruit managers, executives or employees in China.

During the last two Chinese New Year, the sanitary context has confirmed and extended the progressive departures and returns of the labor force. The same situation is expected to occur for the 2023 Chinese New Year.

However, many employees and managers in large cities have not traveled to their home province to reunite with their families. They wanted to avoid the risks associated with the public transportation. They also preferred to avoid quarantine periods, which are quite unpredictable depending on the region.

 

c. The impact on production deadline, containers availability and freight prices

Anticipate that the slowdown, stop and restart of your suppliers' activity will strongly affect their production capacity and delivery lead time. The impact of this period means manufacturing and delivery timing delayed by 3-4 weeks or more. The situation of sharp rise in the cost of raw materials and the temporary shortage of shipping containers in China further complicates the equation.

In November 2021, the shipping containers turnover rate went from 60 days (before the Covid-19 pandemic) to 120 days. This meant waiting 4 months before a container returned to the initial port of loading. While freight rates remained high during the first eight months of 2022, they have started to decrease by 30 to 40% compared to last year. Specialists are betting on a gradual return to more stable rates.

 

d. China travel restrictions being eased

For several months, travel restrictions and visa issuance measures for China have begun to ease. Nevertheless, China's Zero Covid policy continues to prevail. Realistically, we can expect a total reopening of the borders as soon as the assessment of the health risk is deemed stable. A warning sign is that the Hong Kong government has already lifted the mandatory hotel quarantine since September 26, 2022.

As early as autumn 2021, isolated outbreaks of Delta and Omicron variants of Covid appeared in several Chinese cities. True to their zero-covid policy, authorities are placing affected populations in quarantine or strict lockdown to contain the spread.

Since March 2022, dozens of Chinese cities have been partially or totally locked down. Also aiming to preserve the companies's financial stability, the authorities now allow a company to temporarily reduce its activity and expenses within an official procedure for dormancy status.


e. Business opportunities






Top of the 2023 New Year holidays in China
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