that people in Shanghai understand Western ways of doing business and the Western legal system very well. This is because Shanghai has always been an open port, and it has had the closest ties with the Western world. But he also indicated that there are still differences between Western ways of doing business and Chinese ways of doing business. Confucius said, “When you know a thing, to recognize you know it, and when you do not know a thing, to recognize that you do not know it. That is knowledge.” (Confucius, 17 Book Two, ibid.) The Chinese are aware of their ignorance of the outside world in many aspects, and they are now going all out to acquire that knowledge. At the same time, the country's population hopes that its efforts will result in foreigners coming to recognize the value of working toward a better understanding of China.
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Publication information: Book title: Chinese Culture, Organizational Behavior, and International Business Management. Contributors: Ilan Alon - Editor. Publisher: Praeger. Place of publication: Westport, CT. Publication year: 2003. Page number: 39.
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