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.
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.
Since the reform and opening up, the economy of China grows significantly, as an emerging economy, China's economy has made tremendous contributions to the global economy, and Renminbi has become one of the most important currency in the world. According to the survey conducted by China National Bureau of Statistics found that from 1979 to 2012, China has attained an annual average growth rate of 9.8% for its national economy, while the annual average growth of the world economy is only 2.8 % during the same period. In past 30 years, China's GDP surpassed Japan’s, China became the world 's second largest economy, in addition, the huge total volume of trade makes China become the world 's largest trading nation. The contribution of China’s
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.
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 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
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
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.
For years, it has been debated on whether or not women in China were weak or strong. In China, women were regarded as the lesser gender. Yet, does that necessarily mean that women in China are weak? There are facts supporting both opinions, but I believe there are more signs pointing towards how resilient and strong women actually are. Women in China were exceptionally strong despite being persecuted for their gender; Although these women were required by tradition to serve their husbands or bind their feet, they still lived and conquered on. The three main points I believe that show how strong women from China are is that women are respected, even though their gender is, “lesser, women still live their life
This paper presents the results of the authors’ detailed research into competition between multinationals and local Chinese companies in 10 industries over the past five years. They conclude that local companies are now threatening multinationals’ plans to conquer the China market. They analyse this new competitive game in terms of a dynamic battle of competencies. Multinationals start off with better industry-specific technology and know-how, and a higher level of competence in key functions like marketing and financial management. Chinese companies enjoy a better understanding of the local market, lower
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 as an economy has change rapidly over the past few decades. It has gone from a war struck country prior 1978, in which the economy was greatly effect, to one of the largest
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.
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