ANALYSIS OF THE COMPETITIVENESS AND COMPLEMENTARITY OF SERVICE TRADE BETWEEN CHINA AND JAPAN

Abstract
Economic globalization, new technology revolutions, and emerging industries are developing rapidly around the world, which has made the tertiary industry, especially the service industry, play an increasingly important role in improving a country’s competitiveness in global trade. And it is apparent that industrialized countries’ service trade development is superior to that of emerging countries. As the second-largest economy in the world today, China’s service industry has developed rapidly in recent years, and its competitiveness in international service trade has also been continuously enhanced. However, as the largest developing country in the world, there is still a big gap between China’s service industry development level and that of developed countries. On the contrary, Japan has a good industrial base as an old capitalist industrial developed country. However, Japan’s economic progress suffered greatly when the 1980s and 1990s bubble economy collapsed. To find out the deficiencies in the development of China’s service trade industry, this paper selects service exports, trade in services (% of GDP), trade competitiveness, the comparison of export structure, and the index of export rise advantage to compare service trade competitiveness indicators between China and Japan so that propose some measures for the development of trade in services for reference.
Keywords: Service trade, competitiveness, complementarity, China, Japan.