Reuters World News
China’s bankers take up cards, Wagner’s leaderless fighters and Spain’s isolated soccer chief
Aug 28, 2023
China's bankers learn card game to woo investors, future of Russian mercenary group Wagner discussed, controversy over Spanish soccer president kissing player on World Cup, and Simone Biles' record-breaking achievements in gymnastics.
11:27
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Quick takeaways
- Playing the card game Guan Dan is a strategic way for companies and bankers in China to build connections with local officials and showcase their skills and intelligence in order to secure business opportunities.
- Russian President Vladimir Putin's move to bring Wagner fighters under the control of the Russian defense ministry by ordering them to sign an oath of allegiance to the state weakens the autonomous fighting force and sends a strong message to others who might challenge Putin's authority.
Deep dives
Game of Throwing Cards: Building Connections in Chinese Business
In China, the increasingly popular card game Guan Dan has become a way for companies and bankers to build connections with local officials, especially in sensitive projects. With geopolitical tensions rising between China and the US, relying on funds from the states has become riskier. By playing Guan Dan, individuals hoping to do business with officials have found that it extends their face time and allows them to showcase their intelligence and team player skills. This game demonstrates the extra edge that having connections, or Guanci, gives individuals in China's challenging business environment.
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