A Study On The International Competitiveness Of China's Financial Service Trade From The Perspective Of Construction On The Belt And Road

Financial services as an important part of services trade,have an close relationship to the country's economy.Since China's accession to the WTO,China's financial services trade has developed rapidly and the trade volume has steadily increased.With the gradual implementation of the "The Belt and Road" strategy,China has carried out various forms of financial cooperation,with a series of policy help and financial support to the countries in The Belt and Road.which gives China and the countries in The Belt and Road an unprecedented opportunities to financial services trade Development.Therefore,China's financial services trade in the The Belt and Road can develop or not,how to develop become an very important issue need to study at the current stage.There are still few researches to financial service trade of the countries in the The belt and road at present,this paper based on previous studies,analyzes the current situation and development problems of China's financial service trade.And selected Southeast Asia and Eastern Europe area,which have larger trade with china,as a typical to reflect the whole The Belt and Road.Then we choose the international market share,the trade competitiveness index and the explicit comparative advantage index to measure the international competitiveness of financial services trade of China and the countries in The Belt and Road,and use the method of stepwise regression and SVAR model to analyze the influence factors of China's financial services trade international competitiveness,in order to seek the methods of further enhance in the international competitiveness of China's financial services trade,and better serve the The Belt and Road construction.Through the analysis and compare about the present development situation of China's and the countries in The Belt and Road financial services trade,it is found that although China's financial services trade is developing rapidly,but it is in a inferiority position in the international competition,the area of Southeast Asia and Eastern Europe,besiedes Singapore's financial services trade developed better,have adventage in international competitiveness,other countries' s international competitiveness of financial services trade are comparable or worse compared with China.In the study of the factors influencing the international competitiveness of China's financial services trade,it is found that the Internet penetration rate,the openness of the financial services market and the efficiency of the financial system have a greater impact on the international competitiveness of China's financial services trade.And the higher the efficiency of the financial system is,the greater the international competitiveness of China's financial services trade,and the impact of Internet penetration and financial market openness on international competitiveness in different development periods have different influence.At the end of this article,according to the results of the study and combination with the special situation of China's financial services trade development,this paper puts forward some policy suggestions on how to enhance the international competitiveness of China's financial services trade and the common development of financial services trade between China and the countries in The Belt and Road.