Happy Chinese New Year, Gong Xi Fa Cai!
Chinese New Year is an important festive event which impacts the world every year, particularly the Asia Pacific region though. This year, we welcome the Year of the Monkey. The article from CBC provides a snapshot on how Chinese New Year influences not only Asia but also across the world.
While Chinese New Year is a week of auspicious and joyful celebrations to welcome the New Year ahead - on a relocation perspective, it is important to note the dates as factories, businesses, corporations in China and government departments slow down and gear up to closing for the holidays.
With destination service providers, banks, leasing agents and public utilities closed for at least an entire week, this can certainly be challenging if any expats plan to move in around this time of year.
It would be highly recommended for any relocating employees travelling into Asia to avoid moving within two weeks (before and after) the Chinese New Year week.
For any corporate companies that intend to move their employees during this time should plan early and have a well-organized strategy in place to ensure a smooth and hassle-free transition.
May the Year of the Monkey bring prosperity, luck and fortune~
Decades ago the Chinese New Year holiday, also known as Spring Festival, had little impact outside of China. But as the country gained outsized economic influence, the holiday, which has enormous cultural significance in the Chinese-speaking world, has become more prominent. This is how it ripples around the world: