Guanxi Networks in China： Its Importance and Future Trends

I. Introduction Guanxi is a Chinese word which is also recognized in Japan and Korea. In Chinese, Guan means a door, or “to close up” with those who are inside a group, and Xi can be interpreted to mean a joined chain. Thus, together, Guanxi can be translated as relationships and connections. In all the Chinese dominated societies in Asia, people use the word Guanxi to speak of someone who knows lots of people, who is well connected, and gets things done, not necessarily through formal …