Comparison of China and Japan market
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 markets, in order of importance, are Japan (13.3%), European Union (11.7%), 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
Need essay sample on "Comparison of China and Japan market" ? We will write a custom essay sample specifically for you for only $12.90/page
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 a competitive company. The Chinese government encourages new and high technology into China. So, in China the company may have a relatively good business and growth environment.
The Gross Domestic Product (GDP) in China was worth 8230 billion US dollars in 2012. The GDP value of China represents 13.27 percent of the world economy. GDP in China is reported by the The World Bank Group. From 1960 until 2012, China GDP averaged 1102.1 USD Billion reaching an all time high of 8230.0 USD Billion in December of 2012 and a record low of 46.5 USD Billion in December of 1962. The gross domestic product (GDP) measures of
national income and output for a given country’s economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page contains – China GDP – actual values, historical data, forecast, chart, statistics, economic calendar and news
CHINA AVERAGE YEARLY WAGES
Wages in China increased to 46769 CNY in 2012 from 42452 CNY in 2011. Wages in China is reported by the Mohrss, China. From 1952 until 2012, China Wages averaged 6426.4 CNY reaching an all time high of 46769.0 CNY in December of 2012 and a record low of 445.0 CNY in December of 1952. In China, wages are benchmarked using the average salary.
CHINA CONSUMER PRICE INDEX (CPI)
Consumer Price Index (CPI) in China decreased to 102.60 Index Points in August of 2013 from 102.70 Index Points in July of 2013. Consumer Price Index (CPI) in China is reported by the National Bureau of Statistics of China. China Consumer Price Index (CPI) averaged 105.82 Index Points from 1986 until 2013, reaching an all time high of 128.40 Index Points in February of 1989 and a record low of 97.80 Index Points in April of 1999. In China, the Consumer Price Index or CPI measures changes in the prices paid by consumers for a basket of goods and services.
CHINA TERMS OF TRADE
Terms Of Trade in China decreased to 98.59 Index Points in July of 2013 from 101.12 Index Points in June of 2013. Terms Of Trade in China is reported by the National Bureau of Statistics of China. China Terms Of Trade averaged 99.20 Index Points from 2005 until 2013, reaching an all time high of 118.33 Index Points in February of 2009 and a record low of 81.75 Index Points in February of 2010.
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 GDP reaching an all time high of 0.6 Percent of GDP in December of 2007 and a record low of -3.1 Percent of GDP 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 government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus.
CHINA DISPOSABLE INCOME PER CAPITA
Disposable Personal Income in China increased to 24565 CNY in 2012 from 21810 CNY 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 CNY reaching an all time high of 24565.0 CNY in December of 2012 and a record low of 343.4 CNY in December of 1978.