October 07, 2009

The Importance of Guanxi

Chinese medical device manufacturer Huiheng Medical makes cancer fighting equipment using gamma rays and will build a plant in Baton Rouge, Louisiana, that will employ perhaps 300 in well-paying jobs. Why Baton Rouge? Largely, Huiheng CEO Xiaobing Hui says because mayor of Baton Rouge "Kip" Holden went to China and met with the company directly and they hit it off. This is an illustration of what "guanxi" really means - close, interpersonal relationships based on trust and a desire for mutual benefit. Huiheng Medical is listed as an Over The Counter stock in the USA with symbol HHGM.OB. The company has yet to secure FDA approval of its device....

Labels: ,

"guanxi" sounds like a contagious disease
Post a Comment

Subscribe to Post Comments [Atom]

<< Home

This page is powered by Blogger. Isn't yours?

Subscribe to Posts [Atom]