Analysis On The Competitiveness Of China’s Financial Service Trade In The Cross Border Business

With the rapid development of economic globalization, China’s economic competitiveness is facing the challenge in the world market. It is becoming increasingly important for financial service trade influence to a country. However, the competitiveness of China’s financial service trade is far behind those developed countries, which placed us on a weak position in the international trade.This paper will focus on a study of competitiveness in China’s financial service trade. Firstly, the author introduces related theories about financial service trade and competitiveness in the literature review; then, explains the development process, trend, current situation and problems of financial service trade in China. Based on individual country’s financial service trade export data, relevant index can be calculated, through which the competitiveness of financial service trade in the world market can be compared, while some differences have been discovered, furthermore, an analysis on the influencing factors of China’s financial service trade has been done; finally, the author gives some recommendations on how to improve the competitiveness of China’s financial service trade on both macro and micro levels.