A Research On The Home Market Effect Of China's Service Trade

In the process of in-depth development of economic globalization,financial and trade has been the important factors to promote economic globalization,countries financial market development and improvement of the two promote each other,on the breadth and depth has far-reaching influence on the trade.Under the conditions of open economy,the relationship between the development status of a country's financial market and international trade and its impact on the macro-economy are becoming increasingly prominent.With the gradual improvement of China's openness,further research on the impact of financial development on trade is particularly important.China has always maintained a high growth rate in the export sector,but it also faces many challenges,such as the low added value of export commodities and the trade environment of anti-dumping duty.The worst is that China's export growth in recent years more and more dependent on non-renewable energy consumption,cheap Labor and other production factors,and the speed of the extensive growth model is unsustainable.In recent years,China's export growth has also slowed down with the rise of domestic production factors and the appreciation of the RMB.Therefore,how to improve the export competitiveness of our country has become a problem that we should think about.A growing body of research shows that financial development level can be an important source of comparative advantage,improve the system of financial development is conducive to enterprises to overcome the fixed costs and into the export market,especially for the early stage of the enterprise with a large number of financing needs.Financial development impact on international trade in this paper,the related literature was summarized and the preliminary sorting,expounds the status quo of China's financial development and manufacturing exports,and the main problem,describes the related concepts of financial development,and based on previous literature on the influence of financial development on international trade theory framework is illustrated,and according to the time series from 1999 to 2014,has carried on the empirical research,the results show that the financial markets on behalf of the level of financial development scale,financial market structure and the capital market development can have a positive impact on a country's manufacturing exports,according to the empirical research conclusions relevant policies and Suggestions are given.