China News Brief: Headlines and Suggested Reading

In the world’s most populous nation, it’s easy to find intriguing and compelling news.

Here’s a few links worth sifting through today, April 25:

The mystery of “guanxi” or 关系 in Chinese business

Guanxi (/gwanˈCHē/ or 关系) is a Chinese term that can describe many things, but in society it mostly points to “networking” or “relationships.” Perhaps in American terms, it could be summed up — at least in business terms — with the old adage “It’s not what you know; it’s who you know.” Let’s there are a few more critical nuances that make guanxi different from American networking. Continue reading below.

If you want to practice your guanxi building skills, check out our young professionals networking gathering on the evening of Wednesday, April 23. Click here to register for free or check out the event page on Facebook.

Continue reading

Joint Ventures in China: The good might outweigh the bad, the ugly

For American businesses, the idea of a joint venture in China can be met with skepticism, but that shouldn’t be the case.

In fact, Gerard Baynham and Peregrine Worsthorne purport that more U.S.-China joint ventures could be quite beneficial in bolstering China’s middle class and closing the budget deficit for the U.S. government.

In their article U.S.-China joint ventures could be key to closing federal budget deficit, Baynham and Worsthorne discuss briefly the history of U.S.-China business and go on to give examples of successful joint ventures.

We’ll have our own example of a burgeoning U.S.-China joint venture at our April 18 China Executive Round Table. Learn more by clicking here.

Continue reading