So, it’s my 3rd day here in China and it feels like my 300th. I’m sitting here trying to figure out why it feels that way and the best I can come up with is that I feel I’ve learned an amazing amount in such a short time, there is an even more mountainous amount that I absolutely can’t figure out and the days drag at an excruciatingly slow pace here – just like business.
Monday and Tuesday, we attended an Economic Business Forum for one of Beijing’s nearby provinces, Hebei – I’ve never taken so many shots (liquor, not slams) in my life and that was just by lunchtime on Monday. Business here is a very different animal. Relationships (and subsequently, business) are built based on how well you hold your Baijiu and how much Guānxi (mojo) you have.
Now, it has been interesting – I’ve dined with Ministers of State, Mayors, Deputy Secretary-Generals, Mayors and more. Note: if you want to do business here, you get close to the Government. Chinese Business = Chinese Government. I still don’t know what to actually do with these connections but we’ve exchanged business cards and now, I gather I start what seems to be a long road towards cultivating a relationship helped by some trusted Chinese contacts. I may be a bit of a curiosity and sensation here (many people staring!) but that alone won’t get me very far - I will need some insiders to help me to build Guanxi.
This afternoon will be more meetings with companies about their M&A activities. We’ll see how drunk I am by evening!
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