A retail store that occupies an enormous amount of physical space and offers a variety of products to its customers. If you are a CEO who wants to make an acquisition, you will tap your guanxi at the golf club to find a quicker route to your objective. I’ve studied sociology for 7 years in China, and my 7 years of PhD work in the U.S. is related to social networks. Get ready to roister about a perfect score on the words from October 5–11, 2020! “Affect” vs. “Effect”: Use The Correct Word Every Time. Guanxi definition at Dictionary.com, a free online dictionary with pronunciation, synonyms and translation. Guanxi (pronounced gwon-she) is a Chinese term meaning "networks" or "connections" that open doors for new business and facilitate deals. Listen to the audio pronunciation of Yulin, Guangxi on pronouncekiwi. Learn what an entrepreneur is, what they do, how they affect the economy, how to become one, and what you need to ask yourself before you commit to the path. Sign in to disable ALL ads. Collins English Dictionary - Complete & Unabridged 2012 Digital Edition Why Do “Left” And “Right” Mean Liberal And Conservative? What is the meaning of guanxi? If you are a Wall Street executive with guanxi in Washington, you will certainly make a few phone calls to make sure lawmakers remain neutered and regulators stay off your back. In the first half of the year the delegations from Liaoning Province, Anhui Province, Dictionary, Encyclopedia and Thesaurus - The Free Dictionary, the webmaster's page for free fun content, Taiwan glass invests to boost output in China, Common reservoirs for Penicillium marneffei infection in humans and rodents, China, Atlas Copco strengthens compressor business in China, China, Vietnam celebrate 1st joint laying of border markers, Crown Holdings Inc to build new two-piece beverage can plant in Southern China, Taiwan glass the largest float-glass maker in mid-western China, Molecular epidemiology of rabies in Southern People's Republic of China, Rainstorms kill 66 in China, 66 still missing, Up to 200 feared dead in flooded Chinese tin mine, China's buy-Taiwan groups organized monthly after ECFA takes effect, Guangdong Nuclear Power Joint Venture Company, Guangdong Post and Telecommunication Administration. What is the definition of guanxi? Describe 2020 In Just One Word? anxiety caused by a dread of environmental perils, especially climate change.. the state of concern about the future of one's economic prospects. “Panic Attack” vs. “Anxiety Attack”: Which One Have You Had? If you are bidding for a contract in competition with others and you know someone on the other side of the deal, naturally you will try to utilize this contact to your advantage. It follows the ideas set out in a whitepaper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Absentee Ballot vs. Mail-In Ballot: Is There A Difference? In China, where the art of guanxi is practiced in high form, calling upon connections is the norm to get things moving. Guanxi in the West comes in many forms—alumni networks, fraternity or sorority houses, past and present places of employment, clubs, churches, families, and friends. All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. Guanxi is perhaps best understood by the old axiom, "it's not what you know, but who you know that's important." Thank you for helping build the largest language community on the internet. © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins A person who has a lot of guanxi will be in a better position to generate business than someone who lacks it. Depending on where you do business and how aggressive you are, using your guanxi can be innocuous or hazardous. Listen to the audio pronunciation of Guangxi Clique on pronouncekiwi. The odds of gaining access to a business opportunity and then winning that opportunity are higher when you work your connections. What Is The Difference Between “It’s” And “Its”? Generally an acknowledged fact, it is particularly true in China that the wheels of business are lubricated with guanxi. Guanxi is a Chinese term describing an individual's ability to connect or network for productive business purposes. A person who has a lot of guanxi … Some US$20 million will be invested in the Tianjin plant to boost production efficiency of float glass, US$35 million in a plant in Beihai, marneffei has emerged as a major threat to public health; in, Following a broad overview of the center and the borderlands in Chinese political theory, contributions address such topics as Chinese cartography during the Ming and Qing dynasties, marital politics and border stability on the Manchu-Mongol frontier in the early 17th century, philosophical manipulation of border issues by neo-Confucian Wang Yangming (1472-1529), Qing dynasty historical writing on less than successful military expansionist campaigns in the southwest borderlands, river tributary politics and interstate relations during the late Qing, the relationship between the, Foreign Ministry officials from both countries held respective border marker laying ceremonies in Dongxing in China's southern, Packaging company Crown Holdings Inc (NYSE:CCK) said on Monday that it proposes to construct a new two-piece beverage can plant in Nanning in. https://www.thefreedictionary.com/Guangxi+Province. Nanning is the capital. Guanxi (pronounced gwon-she) is a Chinese term meaning "networks" or "connections" that open doors for new business and facilitate deals. By using Investopedia, you accept our. In the capital of Nanning , for example, three varieties of Chinese are spoken locally: Southwestern Mandarin , Yue (specifically Cantonese ), and Pinghua , in addition to various Zhuang languages and others. Guangxi is known for its ethno-linguistic diversity. Thank you for helping build the largest language community on the internet. It is commonly accepted as a way of conducting business affairs in the West, but you must be mindful of conflict of interests, whether governed by law or a company code of ethics and very serious cases that involve the Foreign Corrupt Practices Act (FCPA) if you do deals abroad. Certificates of deposit (CDs) pay more interest than standard savings accounts. Abusing guanxi through aggressive or dishonest business practices can jeopardize one's reputation or present opportunities for corruption. Networking is the exchange of information and ideas among people with a common profession or other interest, usually in an informal social setting. Investopedia uses cookies to provide you with a great user experience. “Epidemic” vs. “Pandemic” vs. “Endemic”: What Do These Terms Mean? 10 Types Of Nouns Used In The English Language. But blockchain is easier to understand than it sounds. Look it up now! What are synonyms for guanxi? Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012, a Chinese social concept based on the exchange of favours, in which personal relationships are considered more important than laws and written agreements. A guide to help you understand what blockchain is and how it can be used by industries. How do you use guanxi in a sentence? However, in the context of your question (and the link), it means “connections”. Bitcoin is a digital or virtual currency created in 2009 that uses peer-to-peer technology to facilitate instant payments. Guanxi is perhaps best encapsulated by the axiom, "it's not. An autonomous region of southern China on the Vietnamese border. Nanning is the capital. Guanxi is relationship, literally translation. an anxiety disorder in which patients are driven to repeat the same act, such as washing their hands, over and over again, usually for many hours. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Guangxi Mechanical and Electrical Equipment Corp. Guangxi Metals and Minerals Import and Export Group Corp. Guangzhou Asian Games Organizing Committee, Guangzhou Economic and Technological Development District, Guangzhou Electric Apparatus Research Institute, Guangzhou Environmental Publicity and Education Center, Guangzhou Institute of Biomedicine and Health, Guangzhou Institute of Geochemistry Chinese Academy of Sciences, Guangzhou International Convention and Exhibition Center. We Asked, You Answered. You've probably encountered a definition like this: “blockchain is a distributed, decentralized, public ledger."
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