Chinese New Year is here, one of Asia's most important events, celebrated with vibrant festivities and ancient traditions. The holiday, which can last up to seven days, generates changes in the dynamics of global markets. Discover its influence on the world and the credit recovery sector.
The meaning of the holiday
Chinese New Year is a traditional celebration based on the lunar calendar, with 12 months and, in leap years, 13. The festival lasts 15 days, with a three-day official holiday, but businesses are usually closed for up to seven days.
Traditions include red lanterns, dishes symbolizing good luck, and the Lantern Festival, held on the last day of the celebration. Each year is associated with one of the 12 animals of the Chinese zodiac. In 2025, the Year of the Snake begins, running from January 29, 2025, to February 16, 2026.
The event symbolizes family reunions, gift exchanges and, in rural areas, marks the beginning of preparations for rice planting.
The importance for the international market
The holiday impacts the international market with the temporary closure of factories, ports, and logistics services in China, disrupting global supply chains. In 2025, China's consumer goods exchange program saw strong uptake, with over 10 million applications for electronic device subsidies. The total value of transactions reached 1.3 trillion yuan, demonstrating the significant economic impact.
Impacts on credit recovery
Chinese New Year can cause delays in negotiations and payments due to the pause in business and banking activities. This directly affects companies' cash flow, increasing temporary defaults. However, increased consumption during the holiday can create opportunities for debt renegotiation after the festive period.
Way Back and the WB Inter
Within the international market, Way Back operates with services from WB Inter, a division that has a specialized team to monitor trends and offer international credit recovery solutions adapted to global economic dynamics.
Source: G1 and Exame
