Chinese (or Guanxi) capitalism draws on both familial and cultural relationships and is based on the principle of:

Question

Quizplus · Accepted Answer

Chinese (or Guanxi) capitalism indeed draws on familial and cultural relationships and is fundamentally based on the principles of reciprocity, reputation, and trust. These elements are crucial in building and maintaining business and personal relationships within this context.

Chinese (Or Guanxi) Capitalism Draws on Both Familial and Cultural