A Study On The Effects Of China’s Financial Development On Electromechanical Products Export

Since China join WTO, exports of electromechanical products increased rapidly, which accounted for the first China export, export ratio also increased significantly, so the optimization of mechanical and electrical products export structure, increase the export competitiveness of electromechanical products, which can optimize the export commodity structure and competitiveness Chinese promotion play a crucial role. At the same time, due to the characteristics of mechanical and electrical products its different categories and China Electromechanical industry factor basis, causing the trade gap between the different categories of mechanical and electrical products export significant itself. In the rapid economic growth, the financial market and system gradually perfected under the background of the study, the influence of financial development on export of electromechanical products, to improve the financial market and system, is of great significance to promote the export of electromechanical products.This paper mainly studies the influence of financial development on export of electromechanical products in China and countermeasures. By reviewing the relationship between financial development and export trade of the domestic and foreign literature, elaborates the mechanism of financial development on export of mechanical and electrical products, analysis of the impact of China’s financial development present situation, the existence of mechanical and electrical products export situation and problem in financial development caused by the electromechanical products export. Mechanical and electrical products will be divided into six sectors, using the panel data model to make empirical analysis on the impact of financial development on export of electromechanical products. Research results show that the financial development scale and efficiency of six electromechanical export industry has significant role in promoting, and the financial structure of six electromechanical export industry does not exist significant role;fixed effect of financial development of machinery and equipment of the maximum; financial development has a time lag for the export of electromechanical products, with the passage of time, Chinese effects of financial development on export of electromechanical products is more and more obvious and important, especially after 2010, more obvious effect. According to the results of empirical analysis, put forward to improve the quality of financial development and perfection of financial market system to promote financial development suggestions of the export of electromechanical products feasible.