Research On The Impact Of The Liberalization Of Financial Service Trade With Economic Growth In China

In the market oriented reform of China's economy, the reform of liberalization of trade in financial services to further improve the domestic level of development of the service industry, improve the domestic investment environment, expanding international economic exchanges, to provide new opportunities for trade in services in China to enter the international market. The liberalization of financial services trade is a double-edged sword, which provides a new impetus to economic growth, and at the same time, in a sense, the vulnerability of the financial system is increased. The significance of the study is to grasp the advantages and disadvantages of the opening of financial services trade to economic growth, so as to provide theoretical basis for the economic transformation.The first part reviews the financial services trade liberalization and financial freedom based on economic growth theory of the effect of facts, and expounds the operation mechanism and specific contents of the liberalization of trade in financial services; proceed from two aspects of static and dynamic effect analysis, market access, government subsidies, purchasing analysis of economic effects of the liberalization of trade in financial services. Using 1985-2013 data, on China's financial services trade liberalization and economic growth empirical analysis, the analysis from the long term financial service trade liberalization is conducive to the cultivation of the efficiency of a country's financial industry and improve the competitiveness of, so as to enhance the competitiveness of the entire economy, but in the short term, the country's financial sector's effect still can not be ignored,especially some domestic infant's financial industry will have a huge impact, and bring a serious financial crisis. Finally, it is pointed out that China's financial service trade liberalization of China further promote the liberalization of trade in financial services and puts forward the strategic choice of China's financial reform.under the premise of macro prudence principle, draw lessons from foreign experience, open the financial market step by step.The innovation of this paper is based on the traditional trade theory from the view of static state and dynamic state the liberalization of trade in services has brought to the economic benefits and costs are also restricted by certain conditions, to solve the constraint condition, financial supervision to suit the actual choice of timingto open to get the expected economic benefits. Second, theoretical mechanism and empirical method combined proposed three paths from the investigation of the liberalization of trade in financial services on economic growth has different influence,obtains the financial service trade liberalization in the long term benefit the efficiency of a country's financial industry and improve the competitiveness of the cultivation and promote the improve the competitiveness of the entire economy, but in the short term to the country's financial sector impact effect still can not be ignored, especially some domestic infant's financial industry will have a huge impact, will bring a serious financial crisis.