China and Japan Economy Comparison

China and Japan Economy Comparison

 

China and Japan Relations 

China and Japan economy relations are historical and based on mutual interest. If we see the bilateral relation between China and Japan, Japan is a neighbor and an important trade partner of China.

China and Japan Economy
China and Japan Economy

China and Japan are separate geographically by the East China sea. The bilateral relation between China and Japan are up and down at various times.

If we see the statements of the Japanese government when china is growing its military power the relationship between China and Japan is facing difficulties.

If we see the economic comparison between China and Japan, China is the 2nd largest world economy and Japan is the 3rd largest economy in the world.

If we compare China and Japan by GDP perspective, China is the 1st largest economy by GDP and Japan is the 4th largest economy in the world by GDP.

Now we see the stats of trade between China and Japan, China and Japan’s trade volume is $270 billion in the year 2010. Japan is the biggest exporter of china for their goods.

After world war 2 the trade relation between China and Japan grew very slowly. China and Japan are two major enemies in this region for a long time period. 

China and Japan trade relation

As we above mentioned that the trade relation between china and japan are very big. The Chinese and Japanese leaders meet from time to time to strengthen trade relations.

China and Japan are improving their relationship for the welfare of their citizens, global trade, and regional peace and security. In the year 2018, the Chinese and Japanese president holds a high-level meeting for improving trade relations and gaining efforts to normalize bilateral relations.

If we see the Chinese and Japanese relations by their peoples. A survey conducts in 2015 that finds 90% of Chinese people see the relationship with Japan as negative. On the other hand, 70% of Japanese people see their relationship with China as negative.

In this perspective, the leader of both countries meet many times and try to discover problems for their ongoing issues. In the year 1980 to 1985 both china and japan exchange their cultural delegations for people-to-people contact aimed to improve relations.

At the bigging of 1980, china fell under military isolation and china improve its military strength for facing and counter many challenges that china faced. In the 1980s japan’s economy is most powerful and Japanese products are very high quality and japan sold its products all around the world.

In this context, China is decided to improve its economy and trade to counter the Japanese economy and Japanese products. At the beginning of the 1990s, Japan again improves its relationship with China. In this regard, Japan has heavily invested in China and boosted its trade with China.

In the 2000s China’s international trade is the sixth-largest in the world and their trade is increasing every year. At the beginning of 2005 Japan and the USA jointly raise the issue of Taiwan. In this case, the relations between china and japan fall badly. 

China and Japan population comparison

If we see the stats of the Chinese population, we see that china’s population is approx. 1.4 billion in the year 2022. While in Japan population, the Japanese population is around 126 million in the year 2022.

In these states, we easily see and compare the population of both countries. The difference between both populations is very huge. The population of china is very huge compared to the Japanese population. 

China and Japan GDP comparison

If we see the stats of China and Japan’s GDP. we see that China’s GDP is $18 trillion in the year 2022. While Japanese GDP is $5.5 trillion in the year 2022.

We see that china’s GDP is very big compared to Japan’s GDP. China’s GDP per capita is $13,000 in the year 2022 while the Japanese GDP per capita is $43,000 in the year 2022. The difference in GDP per capita between China and Japan is very huge. 

China and Japan economy comparison

If we compare the economy of China and Japan, we see that the Inflation rate in China is 0.1% and the inflation rate in Japan is 1.5%.

The statistics for the population below the poverty line between china and japan are China 0.7% and Japan 5%. If we see the Human development index of both countries, we see that China’s Human development index is 0.76 and the Japanese Human development index is 0.919.

Both China’s and Japan’s Human development indexes have deep differences. Japan’s human development index is very high compared to China’s Human development index.

Japan’s high Human development index reason is japan is a more developed nation compared to the Chinese nation. If we talk about the unemployment rate in both countries, we see that the unemployment rate in China is approx. 4%.

While the unemployment rate in Japan is 3%. If we see the stats of foreign reserves of China and Japan, we see that China’s foreign reserves are $3 trillion in the year 2020 While Japanese foreign reserves are $1.3 trillion in the year 2020. 

Sources: Worldbank, IMF, Wikipedia, and others.

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