November 20, 2023
Commonly known as Chinese New Year or Spring Festival, the Lunar New Year celebrates the beginning of the the traditional Chinese lunar calendar. It is celebrated in many countries throughout Asia.In Vietnam for example, the holiday is called Tet, the full name is "Tet Nguyen Dan".
Subject to the Chinese lunar calendar 2024 with festivities ending with the Lantern festival, Chinese New Year 2024 will fall on Saturday 10th February, 2024
From country to country, the lunar new year vacation differs according to the different celebrations. The public holiday in the People's Republic of China was usually seven days long. Generally, the festivities start from the Lunar New Year's Eve, otherwise known as Spring Festival Eve, to the sixth day of the first lunar month. However, this year, there is a slight change.
The Chinese government has announced the holiday will be from February 10th, 2024 (Lunar New Year’s Day) to February17th, 2024 (the 8th day of the first lunar month), therefore the holiday is in fact eight days long in 2024. February 4th (Sunday) and February 18th (Sunday) will be working days in lieu. For the Spring Festival Eve on February 9th, the Government encourages companies and institutions to let employees take paid leave. In 2024, you will see a lot of people on PTO on February 9th.
The Chinese public holiday in 2024 for the Lunar New Year starts on February 10th until the 17th in 2024. In some cases, the holiday period may allow for extended time off for workers. Factories and trucking companies will also release their workers and drivers earlier before the public holiday officially starts. This usually begins one week before the holiday. Trucking resources on the market will become limited and we expect prices will increase.
The Spring festival travel rush, also known as the Spring Festival Migration arises during the Chinese New Year holiday as it is a time for family reunions and celebrations. Many people travel to their hometowns to visit parents and relatives. In most cases, factories provide skeleton cover for work during the holiday season. In a lot of cases, you may receive office closure notices from production sites who cease operations during this time.
In the lead up to Chinese New Year, transportation and logistics becomes similar to peak period when orders are placed early to compensate for the holiday period, thus putting pressure on transportation and logistics frameworks.
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