Next up in the Doing Business in China series, a look at the implications of the heavily freighted term guanxi -- 关系, usually rendered in English as "relationship" and often thought by Westerners to indicate the shadier senses of that term. As the interviewees in this clip indicate, the emphasis on guanxi has evolved in response to China's particular circumstances -- especially, the centuries-long absence of an effective legal system. In the video series as a whole, we talk about the ways in which it persists, and doesn't, in modern China.
Doing Business in China: As Good as Their Word
Guanxi, the core principle of Chinese business, signifies an intricate network of credibility and trust.