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Definition of 'Guanxi'

Guanxi (??) is a Chinese concept that refers to the network of relationships a person has, and the obligations and expectations that come with those relationships. Guanxi is often used in business to describe the relationships between people who do business with each other, and the importance of these relationships in getting things done.

There are a few key aspects to guanxi. First, guanxi is based on reciprocity. When you do something for someone, you expect them to do something for you in return. This can be anything from a small favor to a major business deal. Second, guanxi is based on trust. You need to trust the people you have guanxi with, and they need to trust you. Third, guanxi is based on respect. You need to respect the people you have guanxi with, and they need to respect you.

Guanxi is an important part of doing business in China. It can help you get things done that you wouldn't be able to get done without it. However, it's important to remember that guanxi is not a substitute for hard work and good business practices. If you don't have the skills and knowledge to do your job, no amount of guanxi will help you.

Here are some examples of how guanxi can be used in business:

* A Chinese company might give a contract to a supplier that they have guanxi with, even if the supplier's bid is not the lowest.
* A Chinese company might hire a friend or family member for a job, even if they are not the most qualified candidate.
* A Chinese company might give a loan to a business that they have guanxi with, even if the business is not a good credit risk.

Guanxi can be a powerful tool, but it's important to use it wisely. If you use guanxi to take advantage of people, you will quickly lose your reputation and your guanxi.

Guanxi is a complex concept that can be difficult to understand for people who are not from China. However, it's an important part of doing business in China, and it's something that all foreign businesses should be aware of.

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