When a foreigner buys something in China, in some cases, they find out that things will cost more than what the local Chinese will pay.  For example, the Chinese can book hotels at a lower price directly from China, although some hotels will say that this price will not apply to a laowai (foreigner).
 
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China’s decision to end the yuan’s de facto peg against the dollar could have a significant impact over time on the fortunes of corporations big and small, Chinese and foreign—even though any movement of the Chinese currency in the near term is likely to be too gradual to matter immediately for  the bottom line. Below [...]

Throughout much of Chinese history, the fundamental glue that has held society together is the concept of guanxi, relationships between people.
Networking within the society is very strong and it has a term called Guanxi. Understanding this aspect of Chinese culture is extremely important if you plan to work with or deal with the Chinese. It [...]