There are two differences between the Chinese economy and the Japanese economy:
1. The overviews of the two are different:
1. Overview of the Chinese economy: The People of China** After the founding of the People's Republic of China, through planned large-scale construction, China has become one of the major economic countries with the greatest development potential in the world, and people's lives have generally reached a moderately prosperous level. According to the planned plan, by 2010, China will have established a relatively complete market economic system; by 2020, China will have established a relatively mature market economic system.
2. Overview of the Japanese economy: The growth rate stagnated after the bubble economy and recovered in the early 21st century, but the unemployment rate did not drop significantly. Most of the growth rate still comes from the profits of large enterprises.
2. The characteristics of the two are different:
1. Characteristics of China’s economy:
(1) Use the scientific concept of development to guide the practice of economic development .
(2) Pay attention to macro-control and prevent economic ups and downs.
(3) Focus economic development on structural adjustment and transformation of growth patterns.
(4) Adhere to the people-oriented approach and take safeguarding the fundamental interests of the people as the starting point for economic development.
2. Characteristics of the Japanese economy:
(1) Financial efficiency is low. During the bubble economy, due to excess financing, the subsequent value of actual collateral (property and land) dropped sharply. As a result, banks have been burdened with huge non-performing debts to this day.
(2) It is difficult to start a business. It is more difficult to start a business in Japan than in Europe and the United States. To explore the reasons, many people will cite that in Japan you can only borrow money from financial institutions. People who have no entrepreneurial experience have to borrow money from financial institutions. It is very difficult for the government to borrow money. Even if you can borrow it, the interest rate is very high. If you fail to start a business, you will have to bear a lot of debt. In response to this problem, the Japanese government revised the law in 2004 and established a system that allows you to start a business and provide various business support for one dollar. But the effect is still unknown.
(3) The gap between rich and poor, a common problem of capitalism, also occurs in Japanese society; from the original middle class as the mainstream of society, it has transformed into two extremes: wealth and poverty. The book M-Shaped Society written by Kenichi Ohmae explores this strange phenomenon in Japan, which may come from the structure of globalization and industrial upgrading. People in the middle and lower classes are more affected, while the rich class are not affected and even benefit from it. , leading to the expansion of classes, and derived cultural phenomena such as the collapse of values ????and the collapse of workplace ethics.
Extended information:
The development trend of China's economy:
1. Adjust the economic structure. This is the main line of economic development for a long time to come. It is necessary to adjust the economic structure to bring China's economic development to a new level, not just a low-level expansion of GDP. Industrial structure adjustment is the main content of current economic structure adjustment.
China's technology and economic development are unbalanced. In the adjustment of industrial structure, we need to pay attention to two relationships: one is the relationship between developing emerging industries and transforming traditional industries with new technologies, and the other is the development of capital and technology-intensive industries. and the development of labor-intensive industries.
2. Accelerate the process of urbanization. Rural economic development has long-term problems. Since the 1990s, there have been two basic situations: first, the average annual growth rate of grain output has been significantly higher than the population growth rate, and second, the per capita grain consumption of urban and rural residents has declined. This has brought about considerable difficulties in selling agricultural products that were not seen in the past.
Many agricultural products are priced higher than the international market price, and it is difficult to increase farmers’ income by raising agricultural product prices. China's agricultural yield per unit area is not low. The fundamental reason why growing grain is not profitable is that there are too many people and too little land to operate on a large scale. It is difficult to make farmers rich by simply farming.
3. Western Development. Unbalanced regional economic development is a universal rule. China has experienced unbalanced regional development for thousands of years. Regardless of whether in the east or west, the gap between cities and counties within provinces and autonomous regions is widening. This is a problem that must be solved for the economic development of various places. Regional economic policies should emphasize two overall situations. Allowing some regions to get rich first is a big deal, and this policy must be adhered to.
4. Achieve sustainable development. This is a major global issue. In the new stage of development, sustainable development should be placed in a prominent position. Mainly population and environment.
Environmental protection is a need to improve the quality of life. Environmental protection can promote the technological transformation of enterprises, promote the adjustment of industrial structure, form environmental industries, and become a new economic growth point.
China's environmental deterioration has not been fundamentally reversed. The problem of food and clothing has been solved. More attention should be paid to environmental issues.
5. Improve the market economic system. It is only a "preliminary" establishment of a market economic system, that is to say, it has a prototype and a large framework. There are still many imperfections and imperfections. It is still necessary to emphasize institutional innovation and provide institutional guarantees for economic development through deepening reforms.
Joining the WTO marks that China's economic system reform has entered a new stage of development, which is the stage of establishing a relatively complete socialist market economic system that is in line with international market economic rules. Institutional innovation is an indispensable and important component of China's modernization drive.
6. Develop an open economy. China's international economic environment and foreign economic relations have undergone profound changes. Mainly due to economic globalization and the expansion of China's opening up to the outside world. Economic globalization is a trend, intertwined with the intricate interests and fierce competition of various countries, and it will inevitably go through many twists and turns. The consequences are both positive and negative.
Further integration into the process of economic globalization is a prerequisite for realizing modernization. However, China's economy and technology are backward and it faces great pressure in competition with developed countries. Joining the WTO has brought new opportunities to the Chinese economy, which are very challenging opportunities; the challenges we face also include development opportunities. Joining the WTO is just to obtain admission tickets and qualifications. The key is to improve the competitiveness of China's economy.
7. Improve people’s living standards. We must properly handle the relationship between national construction and people's lives. In the relationship between accumulation and consumption, we must take into account the national economy and people's livelihood. In terms of social policies, we must focus on adjusting social distribution and solving employment problems. China is facing heavy employment pressure. In the next five years, 40 million new jobs will be created in cities and towns, and 40 million agricultural laborers will be transferred to non-agricultural industries.
Baidu Encyclopedia - Chinese Economy (specific noun)
Baidu Encyclopedia - Japanese Economy