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Chinese affairs and the Guanxi networks

According to the latest Altagamma Monitor on the Global Markets study, carried out by Bain & Company in association with Altagamma, after  3 years of decline, Mainland China is expected to record positive growth thanks to initial “repatriation” of luxury good spending by Chinese consumers.

THE GUANXI NETWORKS “It’s not what you know, but who you know that’s important.” It is the most misunderstood business concept in China. The country’s businesses are sustained by guanxi networks. Although guanxi is inconsistently translated into English, it roughly means relationship. [CONTINUE TO READ ON ISSUU]

 

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