LINK: The Importance of “Guanxi” in China

“Guanxi” stands for any type of relationship. In the business world, it is the network of relationships among various parties that cooperate together and support one another. “If you scratch my back, I’ll scratch yours.’ Often actions are performed to either show “we” want to get to know each other, we have a good relationship, or to get another party indebted to you....

2