The Analysis Of The Effects Of Financial Services Trade Liberlization On Economic Growth In China

With the rapid development of economic globalization, countries also activelypromote the financial services trade liberalization.The problem about whether theopening of the financial services market is favorable to economic growth is becomingmore and more important.This article will be from1998to2012,and analyze the impact of the financialservices trade liberalization on economic growth. This article has five chapters，includingintroduction.The first part is an introduction. This section mainly describes the purpose andsignificance of this research, stresses the effect of the financial services tradeliberalization to China’s economic growth, and clears the object and the content of thisresearch; then summaries the financial the findings and conclusions of the tradeliberalization into a few decades by Chinese and foreign experts and scholars; thendescribes the research methods used in this article, last extracted the innovation andinadequacies of this paper.The second part is mechanism analysis of the financial services trade liberalizationon economic growth. This chapter is divided into2parts. The first part describes theimpact path of financial liberalization to economic growth, the second part introducesthe risk of the liberalization of trade in financial services.The third part analyzes the status of financial services trade liberalization in China.Mainly commence from three levels, the first is the the current situation development andthe level of financial services trade liberalization; second we analyzes the openness offinancial services trade and the comparison with representative countries in the world;last I summarize the characteristics and the main problems of China’s financial servicetrade.The fourth part is the focus of this study. An empirical analysis of the impact ofChina’s financial services trade liberalization on economic growth.The articleestablishes three models by financial development as a bridge of financial service tradeliberalization and economic growth,and analyzes the relationship between the two in details.The fifth part is the countermeasures and recommendations section of this article.This chapter bases on the first two chapters of the status and data indicators of empiricalanalysis, summes up the shortcomings and problems in China’s financial services tradeliberalization process and puts forward corresponding countermeasures and suggestions.