Question

describe why development is higher in Japan than it is in China. Which country has the larger economy?

Answer 1

Answer:

China has larger economy

Answer 2

Development is higher in Japan than it is in China.

Explanation:

• Japan is one of the world's largest and most modern economies. It has well-educated, industrious people and is one of the largest consumer markets of the world because of its large and wealthy population.
• Although China's economy is bigger than that of Japan's China still lags Japan with regard to the quality of its growth. Despite China's impressive growth spanning over three decades and having left the shadows of Japan's economy in recent years, it is easy to forget that China continues to be developed nation. The hundreds of millions of persons on the mainland continue to live in relative poverty as compared to standards in advanced countries.
• Japan also supersedes China with regard to innovation. Japan's financial sector is by far bigger than China, by most metrics comprising  bank assets,  financial system and bank deposits and private credit, ranking it amongst the top 10 globally on all aspects, whereas China’s rankings range from 15th-40th.
• China's export growth has proven inconsistent in areas where areras such as telecommunications and internet equipment are comparatively hi-tech,  China still ships sneakers and t-shirts to other markets.