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Stabilizer comments on Minor, perspective changing facts - Less Wrong
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I was thinking more in terms of human development. Nations with large populations and high HDI are important because they support a very large number of people with a very high standard of life.
China has a HDI-rank of 101. Japan has a HDI-rank of 10.
Yeah, that and China's low per-capita everything. I also doubt China has a bigger service sector than its industry and farming.
I was correcting my erroneous assumption based on other correlates of developed nations (space missions, nuclear power, high-tech, lots of science, etc.).