The business culture of China is unique. The Chinese people follow certain ethics in business. For the Chinese people business is very auspicious.
Patience and humility are the two main features of the Chinese business culture. “Guanxi” is a very important characteristic of the Chinese business culture. It means relationships. Forming a good relationship is very important step in Chinese business culture . In simple words exchanging favors is an important part of the Chinese business culture . There are many advantages of Ganaxi.Frustration, risks and disappointments are minimized if the policy of Guanxi is followed.Guanxi is co operating with each other. It also means to be friendly and develop good feelings about each other.
The Chinese culture has no resemblance than the Western Culture. Chinese will make dealings with people whom they think are trustworthy. If the Western countries want to do business then they have to prove them trustworthy. In the Chinese business culture relationships are made on the personal stage.
The Chinese business culture does not depend on money. Every individual members are treated fairly .If any company maintains its words then they can be sure to be a business part for the rest of their lives. The 1989 political instability is a perfect example. The companies which stood with the Chinese in their bad times remained friends for the rest of their lives.
Chinese believe that both the parties have to be faith full. The Chinese do no support bribery .Chinese feel that Guanxi should not be one sided. If it is one sided then the business can not grow.
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Chinese business Culture follows the above mentioned ethics and traditions.
