Abstract: Taking Japanese and Chinese animation industry as research objects with a detailed analysis and comparison of the industrial models and status quo in two countries, this study fully reveals the development mechanism and internal and external situations of the industry. It is believed that the Japanese animation industry's continuous pursuit of low-cost production models, virtuous recycling mechanisms, and active expansion of overseas markets are valuable experiences; whereas China needs to strengthen national and local support for animation and emphasis on the protection of the copyright. The targeted and forward-looking suggestions and conclusions proposed in this study provides not only an insight into the animation industry but also inspirations for development in the animation industry around the world through an analysis of experiences and shortcomings.