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Do You Know That: The consumption of mushrooms was recorded in Chinese historical documents more than 3,000 years ago. In 1996, China produced 600,000 tons of mushrooms, making it the world’s leading producer, and it has 60% of the world’s mushroom varieties.

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