To do so, we need to start by understanding that networks are fundamental to Chinese businesses. GuanxiDeeply rooted in Chinese culture, Chinese business relies on guanxi, a philosophy that prioritizes close links and family traditions. Even casual interactions of Chinese businesses with small business owners from Bangladesh reveal, whether consciously or not, guanxi practices. Reduce trade barriersThe most crucial tool for export destination diversification is reduced trade barriers. Now is a perfect time to review various potential trade deals and reduce trade barriers where possible by entering into more agreements.

Source: Dhaka Tribune March 10, 2020 11:37 UTC