Comparison of China and Japan market Essay
Comparison of China and Japan market China Labor costs Japan’s employers pay higher hourly labor costs, including wages and social security payments, at 21. 9 euros per hour (2,400 yen). But in China, there is an unbalanced labor cost between inland China and coastal area of China. China has a lower cost compare with Japan. For the company, choice central and western China to build factories can reduce labor costs. Marketing factors China is the world’s most important CD, DVD players market. The growing wealth of the Chinese people has added Chinese purchasing power.
China’s main import arrests, in order of importance, are Japan (13. 3%), European Union (1 1 . 7%), South Korea (10. 9%), Taiwan (9. 1%), and the United States (7. 2%). Therefore, Japanese products are competitive products in China. But we also contend with other Japanese company like: Sony, Panasonic. Local Chinese companies are holding an important market share. Trade barriers China has a trade policy that makes it impossible to export to them under normal conditions. It is more profitable than exporting there because their import tariffs are superfluous.
But foreign companies need to cooperate with a local Chinese company. So, we should find and cooperate with
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CHINA GOVERNMENT BUDGET China is expected to record a Government Budget deficit equal to 1. 50 percent of the country’s Gross Domestic Product in 2012. Government Budget in China is reported by the Ministry of Finance of the People’s Republic of China. From 1988 until 2012, China Government Budget averaged -1. 9 Percent of GAP reaching an all time high of 0. 6 Percent of GAP in December of 2007 and a record low of -3. 1 Percent of GAP in December of 1991. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by overspent (purchases and transfer payments).
A budget deficit occurs when an government spends more money than it takes in. The opposite off budget deficit is a budget surplus. Disposable Personal Income in China increased to 24565 CCNY in 2012 from 21810 CCNY in 2011. Disposable Personal Income in China is reported by the National Bureau of Statistics, China. From 1978 until 2012, China Disposable Income per Capita averaged 6249. 3 CCNY reaching an all time high of 24565. 0 CCNY in December of 2012 and a record low of 343. 4 CCNY in December of 1978.