No one can argue that modern globalization is the cutting-edge sword for emerging market economies (EMEs). The recent trend of globalization has left local competitors out of the league. The growing demand and high standards of effective tools and techniques left the EMEs with no other choice. They have to work with professional language service providers and curate a full stack version of their digital business according to the linguistic and cultural requirements of the target market(s). Moreover, if we consider the business and trade trends of modern economies like China and Japan, the bridging role of translation services becomes an indispensable requirement for cross-cultural and international exchange of goods and services.
In this regard, communication between trade partners becomes a defining factor. Whether it is about the initial communication involving proposals, or legal compliance and regulations of source and target regions, seamless communication regarding business, trade, and mutual understanding is always required. To facilitate the crucial bilateral and trilateral business relations among the regional nations, reliable Chinese language translation services play a bridging role. In its change of radical policies, the Chinese government, institutions, and industries are now working with regional partners and the trade volume between China and the USA touched the historic level of 43 billion US dollars.
Don’t Worry about Modern Globalization Trends, Strive to Secure Your Place.
Emerging Role of Asian Tiger in the Global Economy
As it is said, geopolitics and globalization are two sides of the same coin. When trying to understand any aspect of the global economy, the role and place of the United States are inevitably relevant. Until recently, the USA has ruled the global economy without any competition. There is no doubt about it. But China’s emergence in tech development, cheap technology, and rapid regional growth, has put tension between the biggest trade partners of China and the USA. For all the right reasons, China has emerged as the biggest economy in the world and the USA is not having it easily. To get the bigger picture these are the areas and sectors in which China is investing heavily and leaving the USA behind.
- New Connective Infrastructure (Freight Railways & Internet Cables, Space Technology)
- Industrial Policies and Self-Sufficiencies with Local Production
- Export of Digital technologies globally,
- Attracting capital investments from all around the world
- Cheap and skilled resources
Importance of Cooperation Between Regional Partners
As we have mentioned in the relations of China with regional countries, Japan is an important ally of China despite its intricate relations with China over a few political matters. Japan heavily depends on China for its imports and exports as China is the biggest trade partner of Japan. Another cornerstone of bilateral relations is the formation of the formal body of Official Development Assistance (ODA). Most Japanese businesses, brands, and institutions heavily rely on Japanese language translation services to ensure seamless business relations and communication across borders.
So as it seems behind the curtain, the facilitating role of translation and localization services play a crucial role in the globalization of Chinese and Japanese business and trade relations. In 2022, the Japanese exports to China accumulated to 135 billion US dollars. Advanced machinery and circuit chips were the major exports of Japan to China. (15.80% of the total exports). Whereas, Chinese exports to Japan were reported as 178 billion US dollars. Broadcasting equipment, computers, and other machine parts are the major exports of China to Japan. (16.44% of total exports). All these industries heavily rely on professional Japanese-to-Chinese and Chinese-to-Japanese translation services.
Look at these stats indicating the growing trends of translation technology usage in the language service industry of China. (TAC)
| Translation Technology Usage | Percentage of Translation Services Adoption |
| Translation Management Tools | 42% |
| Search Engine & Desktop Search | 40% |
| Terminology Management Tools | 40% |
| Translation Trading Platforms | 33.8% |
| MT | 27.1% |
| QA | 26.9% |
| None | 7.5% |
Top Language Services by Chinese Language Service Providers
| Services | Percentage |
| Translation | 91.3% |
| Interpretation | 87.1% |
| Localization Services | 53.2% |
| Talent Training | 52.7% |
| Consultation Services | 46.8% |
| Translation Tools | 41.5% |
| Subtitling & Dubbing | 41.0% |
| Desktop Publishing | 40.5% |
| MT/Post Editing | 39.8% |
| Technical Writing | 36.6% |
How Translation Services Facilitated Chinese Growth
Above mentioned stats indicate that translation services played a pivotal role in the growing economy of China. With modern tools and technologies, the growing business needs resulted in a high demand for translation and localization services. That is why the Chinese language sector developed exponentially to cater to the demands of international business partners looking to work in and with Chinese counterparts. When it comes to global trade, business, and professional relations, crystal-clear communication in every aspect of mutual relations is a prerequisite. To make sure both parties are on the same page and there are no misunderstandings, businesses, brands and companies acquire professional Chinese translation services.
Contact with Chinese Translation Company Today
The Chinese dream of global expansion and becoming a globally leading economy could not come to reality without the facilitation of professional translation services. So, hire professional translation services to ensure seamless communication with foreign business partners and secure your part in modern globalization.
