Archives by Tag 'Guanxi'
Understanding China: what is Guanxi?
Brian Hennessy. An Australian in China. Think: Informal networks, using the back door, investing in relationships, calling in favours, underground economy, and so on. Guanxi is all of the above and more. In fact it is a highly sophisticated parallel economy which subverts a totalitarian system and its bloated, politicised bureaucracy. Understanding China: what is Guanxi? […]