Study On The International Competitiveness Of China’s Financial Service Trade

Compared with Goods trade,service trade in the 1970s was relatively late.Since the 21st century the share of trade in services is rising, at the same time as a result of trade in services has the characteristics of invisibility can be more free to avoid some of the barriers to trade, the development of modern science and technology for the promotion of international trade efficiency,all of these make the service trade has a faster growth and become a country’s economic development cannot be ignored. The latest data of WTO show that both the annual growth rate of goods and services from 2005 to 2013 reached 8%.with the development of world economic integration and liberalization,our world trade structure is also changing. After years of development, China’s service trade is undergoing a structural shift,advantage department already from traditional service trade like tourism, transportation transfrom to emerging service industry,which is represented by building, computer and technology industry,financial trade in services as one of the emerging service trade industry has been more and more attention.Before China joined the WTO in 2001, on the one hand,low level of financial development and poor level of industry practitioners’s comprehensive quality,on the other hand,because of the financial services industry openness is low, our country adopted a policy of excessive protection,these two aspects directly lead to the low level of China’s international financial services trade competitiveness. After joining the WTO, our country gradually opened up the financial services market, especially after 2006 financial service trade development level is rising because of financial markets is facing the challenge of international competition and we can learn more advanced management experience. through a "transition period", the international competitiveness is also increasing, but the overall opening up not only bring the opportunity but also challenges and difficulties, so put this growth of China’s financial service trade into the large environment of world will find that there is still a big gap when compared with other countries in terms of financial service trade or international. competitiveness, and the degree of the gap and the cause factors will be an important part of this article.There are six chapters in this article.Chapter 1 is the introduction to the background and significance of the research,Domestic and foreign research survey,Research methods and innovations,shortages.The second chapter introduces the theoretical basis.The third chapter analyzes the current development of China’s financial services trsde and the level when compared with other countries.The fouth chapter is based on a lot of data,from four indexes and three aspects to caculate the international competitiveness of China’s financial services trade.The fifth chapter discusses the factors that affect the development of China’s financial services trade. Finally, the article based on the empirical results and from the macro, meso and micro three aspects put forward some specific measures to improve the financial service trade of China.