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Forums > Living in Kunming > Is the importance of Guanxi in business in decline

I'll second the following comment from Dudeson.

"It's embedded too deeply in Chinese culture to disappear in less than a decade."

The upper levels of business in China has adapted to accommodate world standard business models BUT the middle and lower levels of businesses lag far behind in world standards without guanxi.

China's leaders recognizes this essential adaptation as Xi Jing Ping's efforts to eliminate corruption.

Westerners see it as "corruption", but "guanxi" is business as usual at lower levels.....

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Paraglide Yunnan will be going to Nepal in the first weeks of March 2011. Paraglide Yunnan has a sister club in Pokhara.

for details contact Mike, mike4g_air@yahoo.ca

No paraglider experience is required, just healthy.

Presently housing developments are way overvalued.

The results from constrution companies bidding to get a certain plot of land and the increased cost passed on to the consumer/ end buyer/ leasee.
The increase in housing cost is not a result of demand however the investors and speculators blindly dive in.

what will happen when the trend starts downward??? the speculators get out (cash in) untill the trend goes up again

It's a clasic bubble.

In my opinion the ongoing / deepening western crisis will be the trigger, when the sovereign debts cant be repaid ( Greece ) the lenders holdings will be devalued.

the only way china can get away from it is time, presently china is amassing vast amounts of gold....the next world currency this will be the buffer to devaluation.

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Went the other night, it was very late therefore I cant coment on the food but it did smell very good..
Cozy atmosphere and very friendly host.
Will return again now that it's found!

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Icing on the cake for Kunming as a concept!