Financial Development,technological Innovation And The Development Of Advanced Equipment Manufacturing Industry In China

Market-oriented economic context,the needs of China's industrial restructuring more and more intense.In order to change the original industrial model to high-tech model,and to form their own competitive advantage in world,China began to vigorously develop advanced equipment manufacturing industry.From the "Eleventh Five-Year Plan" to today's "Made in China 2025" slogan,high-speed rail and new energy as the representative industries of the advanced equipment manufacturing industry having more and more attention from the government.The level of national financial development and the ability of technological innovation are the most influential factors of the development of the society.The specific path of the development of China's financial system mainly includes its scale,efficiency and structure.The impact of different financial support on technological innovation Different,and then the impact of the development of related industries must also be different.At the same time,technological innovation is a source of internal power in the sustained economic growth.The promotion of technological innovation for the development of the real economy has already been well proved in theory.According to the results of regression,the interactive item has a positive effect on the level of advanced equipment manufacturing industry.And the financial efficiency is strong,and every 1% increase in advanced equipment manufacturing industry,The level of financial development increased by 0.553%,.The financial development structure and scale had the same effect on the level of advanced equipment manufacturing industry.According to the empirical conclusion,the suggestions are given from the following aspects.First,according to the imbalance of financial development scale,develop the scale of financial in different regions to adapt to the actual situation of local development;second,to further improve the efficiency of financial development and optimize the scale of financial development;third,to increase investment in technological innovation in the country;fourth,strengthen the combination of financial and innovation;Fifth,give full play to the government's macro-control role.With these related measures,to promoting China's financial development the China'sadvanced equipment manufacturing industry.