Question posed by mrpogiii: How long is the New year holiday in China? I plan on going to YiWu but the markets might be closed!?
The commodities market might be closed so i have to ask first.
Im going on Feb 7. I heard the new year is Feb 6. So if u have information lease help. Thanks

The No 1 answer:

Answer by N.C.
Although I do not live in China, so I don’t know the communistic laws governing the full celebration. Chinese New Year is actually February 7th, which is Jan. 1 on our lunar calendar. But New Year’s Eve is a veery important event, so I wouldn’t be surprised if ALL the shops close early (by dinner time), because we sit down to have our annual “family dinner” and everybody must be present for it. On New Year’s Day, people go to the temples. Then from Feb. 8th thru Feb. 20th (Jan. 2 – Jan. 14), those are the days people get to go visit their relatives and friends (called bai neen) to wish everybody a prosperous new year. And the celebration closes with a final holiday called Yuen Siu on Feb. 21st (Jan. 15).

I don’t know how bad the economy is over there either. That would be the main determinant factor in how long shops stay close. So just call around there and ask for that market’s New Year business hours.

How about adding your own answer to the comments below!

Carefree asked:


I could be wrong, but I heard something about China holding down oil prices in its own country, which resulted in an even more so increased demand for oil within China, which obviously drove up the price of oil in the open market, to a ridiculously inflated level?
Carefree asked:


I could be wrong, but I heard something about China holding down oil prices in its own country, which resulted in an even more so increased demand for oil within China, which obviously drove up the price of oil in the open market, to a ridiculously inflated level?
Carefree asked:


I could be wrong, but I heard something about China holding down oil prices in its own country, which resulted in an even more so increased demand for oil within China, which obviously drove up the price of oil in the open market, to a ridiculously inflated level?

Asean e-trading link soon
Malaysia’s stock exchange operator Bursa Malaysia Bhd hopes to roll out an electronic trading initiative that will allow local investors direct access to stocks listed in other exchanges within the Asean region in about a year from now, said chief executive officer Datuk Yusli Mohamed Yusoff.

Read more on Asia News Network

SEC asks exchanges to devise new trading rules
Federal regulators on Monday gave U.S. stock exchanges 24 hours to devise a market-wide plan to stop or slow trading in stocks that are falling rapidly, in an effort to avoid a repeat of Thursday’s violent swings in the financial markets, according to sources familiar with the matter.

Read more on Washington Post

CDII Trading, Inc. in Contract to Supply Manganese Ore to a Manganese Trading and Refining Company in China
The Twelve-Month Contract to Be Sourced From Chile Expected to Generate up to $18 Million in Revenue

Read more on Marketwire

Berry X asked:


Euro dollar is based on a combination of gold and the good will of the EU. In 2006 it was $3.50 US to 1 Euro, in 2007 it was $2.50 to 1 Euro, and now $1.28 to 1 Euro even under the rise of gold prices. The fact is that in 2006 and 2007 the Euro lost 30% of its trade being power and 20% of it domestic buying power. In 2008 it lost 60% of its trade being power and 40% of it domestic buying power. This is a sign of a long term decline in Euro economics that has lead Italy to threaten pulling out of the EU.

China has already indicated it will combat its decline in exports by selling its stock piles of commodities and if this happens it may lead the EU in to hyper inflation like seen in Africa.

carpetbagger asked:


They are on the market for oil and have no scruples to buy the commodity at any rate.Even may trade WMD for it.

commodities
sandeesbro asked:


With OPEC’s probable cuts, and the also probable cuts by the fed, plus I heard that China decided to print up some more money, don’t you think it will drive up the prices of commodities like gold?