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What is Understanding Guanxi in Chinese Business about?

Guanxi is a Chinese cultural practice that involves favoring those with whom one shares personal connections. It is established and maintained through social interactions and exchanges within social groups. Guanxi can help facilitate business but also leads to obligations that may harm businesses. It is described as a "double-edged sword" because it can both help and harm depending on how it is used. While guanxi may provide short-term competitive advantages, overreliance on it could undermine business aspe

Author

chenyueying826

Language

EN