China and Japan are both countries with different strengths and weaknesses. China’s economic problems may not be the same as Japan’s. Each country follows the principles of their own economic system, which means different problems will arise.
In recent years, China has surpassed USA as the world’s largest merchandise trader. Their exports and imports combined was worth up to $4 billion USD. They are importing huge quantities of raw materials, and exporting huge quantities of manufactured goods. Although China’s economy has been growing slower than others, it remains as one of the largest contributors to world GDP growth. One of the main causes to China’s slow GDP growth is their overinvestments. In 2015, investments made up 43.3% of China’s GDP, while household consumptions only made up 38%. The imbalance between these two has widened China’s debt. Keeping up with high levels of investments require a lot of credit, causing China’s debt to grow to over 250% today. A couple of years ago, China started to heavily invest in steel. The Chinese government encouraged the investment because steel was used in automobiles and infrastructure, and the demand was high. China became one of the world’s largest steel producer, and holder of spare capacity. However, in recent years, the demand for steel has declined. China was left struggling with declining demand, overcapacity, and a growing debt because of a tight credit. China has been cutting down excess steel capacity. More than 65
Between the late nineteenth century and early twentieth century, Japan’s economy developed remarkably. China had also developed economically; however, not near as much as Japan. The Japanese government industrialized greatly and encouraged western influence, but the Chinese government did the opposite.
The definition of the word selfish is, “One lacking consideration for others; concerned chiefly with one’s own personal profit or pleasure.” In the story The Scarlet Ibis by James Hurt, the narrator is extremely selfish. The narrator has a brother, Doodle, who is disabled. At birth, Doodle is very frail and he is unable to walk or do normal activities. This causes the narrator to become selfish, which creates pain in his and his brothers future.
China uses a communist government, believing that each citizen must be completely equal to another and that the government has much of the ruling power. Unlike China, modern Japan operates through a constitutional democracy, which gives more freedom to its citizens and provides women with more rights. The economic growth of China and Japan differ as well. The economic outlook of Japan, found on document A, states that the GDP of Japan peaked in 1995, at around 5,000 billion U.S. dollars. However, with China, the GDP is growing exponentially and has still not hit its peak. As of 2013, the GDP of China was nearly 10,000 billion U.S. dollars. This difference indicates what each country’s economy values. According to document C, the comic refers to Japan’s import and exports. The comic depicts Japan’s imports as a large ship, however, the door for the imports to enter into Japan being incredibly small. This symbolizes the fact that Japan’s imports are coming into the country extremely slowly, whereas the country is exporting good at a much higher pace. This is the reason behind its deteriorating economy. With exports leaving faster than imports coming into the country, Japan’s GDP is far worse than China’s. Japan and China contrast in a multitude of ways but are united through similarities as
It is this that has sparked China’s vulnerability to external shocks. In 2011, China’s exports amassed almost $2 trillion, however in Feb 2012, China recorded a $31.5 billion trade deficit as a result of the European sovereign debt crisis in which China’s main trading partners plunged into recession. China’s severe BOGS decrease is an attempt to control growth and a sustained level of 7.5%. Investment policies are also critical for China to achieve economic growth and development. Foreign Direct Investment (FDI) in China is being sought primarily in the redesign of State Owned Enterprises (SOE’s) and in the development of interior provinces. Between 75-80% of World Bank loans to China in 2008 were directed to the central and western regions, the most economically disadvantaged. This promotes increased wealth within China, leading to higher levels of development due to a more positive Human Development Index (HDI), which currently sits at 0.687, up from 0.677 in 2010. Thus, trade and investment are critical factors in ensuring that China’s growth remains sustained at 7.5% whilst still encouraging increases in development.
Financially, both China and Japan were stable. China, being a bit of an economic powerhouse was capable of building great infrastructure such as the Great Wall of China.
China and Japan are too enormous and influential nations located in Eastern Asia. These two nations are almost always confused because of their similar culture and people, and they also happen to be right next to each other. Japan and China have never been allies and the two countries always seem to be in conflict. These two superpowers are very important to the world, and without them everything would be imbalanced in the global market. The rising superpower, China, is a nation that will continue to grow and improve their economy, while the fragile superpower, Japan, could fall apart at any moment and ruin the balance between all of the other countries.
Japan and China have been in cold relations ever since the end of World War II. After the war, there was barely any diplomacy to bring together their relation. Not until 1972 Prime Minister Kakuei Tanaka of Japan visited China with an official invitation. At the scene, both sides were willing for reconciliation and normalization, result with the Joint Communique between two governments. From that moment on, the (economic) relations of the two nations has been reestablished, encouraged and developed rapidly (China, Japan Joint Communique, 1972). There is an opinion that China’s incredible (economic) developing rate has greatly influenced Japan diplomatic with Beijing since that time. And this essay is going to support this argument with data as well as historical and contemporary context. First, energy requirement is usually critical to the development and modernization of China and the stabilization of Japan. Therefore, variables that related to it can influence both countries’ economic interest, lead to the consideration of policy makers. It is clear that both countries were in need of developing their gas and oil fields. Second, Japanese engagement into China market have changed a lot - Japanese companies and corporations were having decreasing influence on the economy of the client country - led to the need of adjusting investment policies within the government body. Third, China is modernizing and in many ways will be able to surpass Japan in near future. Therefore
These effective strategies helped Hong Kong overcome the financial crisis. All these facts fully demonstrated that China is a responsible big country. After the Asia financial crisis, the importance of China's economy has been brought into focus; China's neighboring countries have begun to recognize the influence of the Renminbi.
With a gross domestic product (GDP) calculated at the equivalent of $11.06 trillion and an average growth rate of 1.84 percent, China has the potential to surpass the United States' economy by the year 2030 (citation 1). China's rapid GDP growth is caused mainly by state investment, high exportation, and successes with e-commerce (citation 2). However, China was not always a country eager to open its doors to economic opportunity. Instead, the government strove to maintain self-dependency and to limit influence from other countries. Through the decades of isolation, many countries attempted to gain trade relations with China. These attempts usually were unsuccessful. It wasn't until the late twentieth century until China began forming the economic
China has already overtaken Japan to become the world`s second-largest economy in recent five years. “However, such economic
Since the financial tsunami and the bankruptcy of Lehman’s Brother in September 2008, the world’s economy took a deep plunge and the Chinese economy is no exception. In the wake of the global financial crisis, The Economist (2008) reported that China’s real GDP growth slowed to 9 percent in the third quarter of 2008 and export growth slowed to 21.1%. It was, in fact, well below analyst expectations and recent
The rise in China from a poor, stagnant country to a major economic power within a time span of twenty-eight years is often described by analysts as one of the greatest success stories in these present times. With China receiving an increase in the amount of trade business from many countries around the world, they may soon be a major competitor to surpass the U.S. China became the second largest economy, last year, overtaking Japan which had held that position since 1968 (Gallup). China could become the world’s largest economy in decades.
Since the very beginnings of America, there has been debate as to the size and power of the constitution and the idea of Federalism. This debate is very much present in our modern day world and it presents challenges of its own. Some of these said challenges in the American federalist society include the breakdowns in communication, the extents, and limits of government vs state power and the shared powers of said parties.
Also, China is growing within an era of huge technological and world rapid political change. Japan, in the 1950’s to the 1980’s was operating in an era where change was not as rapid.
In the novel, The Scarlet Letter, written by Nathaniel Hawthorne, the stories of how the community perceives Hester Prynne, Arthur Dimmesdale, and Roger Chillingworth versus their genuine individuality reveal how society may view individuals in a malicious way rather than who they truly are. Prynne is seen as a sinful woman who committed a crime and is often shunned by the community. She is an ethereal woman that stands up for herself and is very brave. Dimmesdale is renown as the town's holy minister that gives wonderful advice. He views himself as a very weak and cowardly man that avoids confessing his sin. Chillingworth is the man that no one knows of until he comes to Boston as a doctor, hiding his identity of being Prynne's husband. The community believes that he is a very helpful doctor that can cure illnesses. However, he regards himself as a demon, Satan, even.