The Relationship Between Bank Credit And Adjustment Of Industrial Structure In China

After years of rapid development of reform and opening up, china's economic development has reached a key period in the process of making transition from quantitative expansion to converting structure and efficiency increased.Economic reform also has entered a crucial period of deepening the reform of financial system. However, there is lacking sustained and fast growth in the national economy and the inherent contradictions in the industrial structure has become one of the major constraints, so carrying further promoting of china's financial deepening reform and the optimization and upgrading of the industrial structure is the key issues which can decide the adjustment of the economic restructuring and the economic structure will be successful or not. Banking line as the core of modern economic and financial system, should conform to the requirements of economic development, and play an active role of credit support to accelerating the optimization and upgrading of the industrial structure.Comprehensive and systematic study of the relevance between bank credit and industrial structure has important theoretical and practical significance to enrich the theory of interaction of credit and industrial structure,adjust loan decision and upgrade industrial structure.In previous literature, scholars mostly studied on the influence of financial development for economic growth, or on the influence of finance for industry from the perspective of financial intermediation,but rarely economists studied the relationship between bank credit and adjustment of industrial structure as an independent study.Therefore, making a deep study of the relationship between bank credit and adjustment of industrial structure,understanding the role that credit plays in the industrial structure adjustment mechanism,which is not simply a practical needs of drafting scientific and rational financial development strategy but the key to promote solid economic restructuring and upgrading and ensure the long-term economic developing stably.This paper employ the way of combination of qualitative analysis and quantitative analysis, normative analysis and positive analysis,starting with looking into the action mechanisms between bank credit and adjustment of industrial structure combining credit and industrial development of the actual situation of our country,and on the basis of developing multi-variable VAR model, it examines the relationship among bank credit and adjustment of industrial structure with the econometric methods of cointegration test and Granger test so as to give an answer to the question, the conclusion is:the development of bank credit and upgrading of the industrial structure are mutually reinforcing; the output value of secondary industry is directly impacted by the credit scale changes; tertiary industry upgrading produces the most promotive effect to the development of the size of credit. Finally, the article put forward proper credit policy choices that can optimize the industrial structure adjustment.This paper reveals the action mechanisms and the influence between bank credit and adjustment of industrial structure systemically and systematically.It is helpful to look for credit policy to promote industrial restructuring, and establish different policies for different industries to promote the coordinated development between different industries. In this way,the credit structure can better play the role to promote and realize the optimization and upgrading of economic structure.