Avaya Small Business
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Avaya small business trends
China and Japan are East Asian countries that share many similarities, but also disparities. While Japan was the first Asian economy to develop rapidly, the size of China's gross domestic product overtook Japan's in 2010, becoming the second-largest economy in the world after the US. Though China and Japan share a history of rapid economic development in East Asia, their current statuses are very different. While China is developing technology and moving forward rapidly to compete with the US in the innovation that drives change, Japan is more resistant to change and prefers the status quo. For example, China is one of the forerunners in financial technology, and many of its people use WeChat or Alipay to process payments in virtually every transaction. However, some of the restaurants and shops in Tokyo, the capital of Japan, still only accept cash and refuse other methods of payment, let alone credit cards. Another example is ride-sharing service. While services like Uber are illegal in Japan, just as in South Korea as I have written previously, China has many home-grown startup tech companies offering ride-sharing services, such as Didi Chuxing.
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