Guanxi

guanxi

/ɡwanˈʃiː/
noun

(in China) the system of social networks and influential relationships which facilitate business and other dealings.

DEFINITION of 'Guanxi'

A Chinese term meaning "networks" or "connections," understood to be a network of relationships designed to provide support and cooperation among the parties involved in doing business. According to the Los Angeles Chinese Learning Center, by obtaining the right guanxi, organizations minimize the "risks, frustrations, and disappointments when doing business in China."


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Do You Know That: The crossbow was invented and first used by the Chinese. They were also the first in the world to use chemical and gas weapons, 2,000 years before gas was used in Europe during WWI.

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