Modernization, privatization, and competition have weakened the Chinese system of guanxi. As the Chinese legal system stabilizes and competition increases, Chinese are developing a more task-oriented approach to business. Obligations to the relationship must be weighed against the bottom line.
This does not in any way mean that guanxi has been eradicated. Guanxi continues to grease the wheels of Chinese business on many different levels. It facilitates your interaction with coworkers, with outside business contacts, and with the Chinese government...Read More