The Influence Of Finacial Development To The Structure Of Export Commodities

Since China’s accession to the WTO, the scale of export trade has been grown rapidly. China has become the biggest exporter in the world. However, despite the scale of China’s export trade continued to expand, the structure of China’s export commodities still need to be adjusted and improved. The issue how to enhance and improve the structure of China’s export commodities, now has been our current reality, which need to be addressed. To optimize the commodities structure, vigorously development has to be done in the capital-and technology-intensive industries with high added value, the higher the level of financial development can provide effective financing support. However, the level of development of the financial sector is relatively low, which restricts the upgrade of China’s export structure. At the same time, the level of development of China’s financial is obviously imbalanced between different regions, regional export commodities structure should also be to have a specific analysis. Based on this, from the regional level to study the financial impact of the development of different areas of export commodities structure, the article attempts to examine the impact of the financial development of the export commodities structure of regional differences.In this paper, there are a review of the financial development and international trade theory, and collate and summarize the theoretical results. Based on the above, through the establishment of the endogenous model, the article studies the pathway of the financial development of the export commodities structure.Because of China’s regional imbalances in the level of financial development, K-means clustering analysis has been used in the article. According to financial development level of China’s30provinces, it has been divided into three steps. Based on these, there are the status quo and the empirical analysis. The empirical results show that the different levels of development of the regional financial impact on the regional export commodities structure is also different. Expansion of the scale of the financial development of a higher level of development of China’s financial area significantly promote the development of capital-and technology-intensive industries in the region, and improve the region’s export commodities structure; A relatively low level of financial development area, low financial development were restricted to upgrade the region’s export structure. Meanwhile, there is the problem of widespread inefficiency in the level of financial development in China, the financial development of inefficient rate constraints upgrade of the regional structure of export commodities.Based on the theoretical analysis and empirical results, the paper argues that to make the financial development function more effectively and play an important role to promote the upgrade of regional export commodities structure, each region should accelerate the process of reform of the financial system to enhance the financial intermediaries operating efficiency, and reduce the government’s financial intervention efforts. At the same time, to better coordinated and balanced development of the regional financial, we need to further optimize of the layout of regional financial institutions, improve the financial service system, promote the development of the capital market, and to promote the diversification of financing channels.