The Relationship Between Social Financing Structure And Consumer-driven Model Of Economic Growth In China

The core of the financial development is to provide financial support for the real economy, but also will greatly affect the economic growth mode transformation. On the one hand, this paper analyze China’s economic growth pattern from the perspective of the demand factors and consider consumer-driven economic growth mode transformation is an effective way to achieve sustainable economic development in China, the other hand, it makes the total social financing indicator as a reference to study the social financing structure of China, this index reflects the total funding that the financial system provide to the real economy during a period of time, it can adapt to the changes of China’s financing structure very well. The ultimate purpose of this paper is to explore the relationship between our social financing structure and consumer-driven economic growth model. It analyze how the elements of total social financing indicator impact the consumer sector from a theoretical point, at the same time, it combine the regression analysis to further demonstrate that the total social financing indicator within the elements of role in boosting consumer demand.Through analyzing, this paper consider that China’s financial system provide funds to support development of real economy through various channels in the aggregate indicator of social financing, and also play a key role in the expansion of consumer demand, it will provide a new idea for economic growth mode transformation and reform of the financial system in China. The diversified development of the financing structure, to expand direct financing scale and proportion, to speed up the process of insurance financing and development of small loan companies, all will be conducive to stimulating consumer demand, and further contribute to our country to achieve the consumer-driven economic growth mode.