The Empirical Analysis Of Financial Development And The Export Trade Structure Optimize

International experience shows that a country needs its own high value-added industries with strong international competitiveness to have a change from the export of labor-intensive products to capital-intensive export products and technology-intensive products. At present, China's comparative advantage is established on labor force, facing the conversion to the high level. China's financial sector development is relatively lower, and it restricts the upgrade of China's export structure. Therefore, the promotion of financial development has a good value for both financial sector and the export sector in China.Through the analysis of financial development and comparative advantage, this paper analyzes the relationship between financial development and optimize export trade structure, and it studies the theory mechanism between the development of the financial impact on structural optimization. Then, this paper gives the status of the development of China's financial from the aspects financial scales and financial medium. It gives the trade competitiveness index and the dominant comparative advantage to China's export trade structure analysis of the status quo at the same time. Then this paper depicts the growth rate of the total financial assets and capital-and technology-intensive products of the annual and found that they was a convergence of trends. This chapter found that the growth rate of total financial assets and capital and technology-intensive products exports is being developed simultaneously, and tended to the same growth rate. Financial development is conducive to upgrading China's capital-and technology-intensive products trade competitiveness index and revealed comparative advantage index, so it can enhance China's capital-and technology-intensive products exports.In the part of econometric analysis, this paper uses time series analysis to analyze the effect of the China's financial development impact on the structure of export trade in the overall. It found that China's financial development promotes the structural optimization of export trade on the whole, but the financial efficiency is the negative impact of optimizing the structure of export trade, and the absolute value of the coefficient of its impact on the export trade structure is not great. The reasons may be as follow: With the deepening of reform and opening up, small and medium enterprises is becoming China's main import and export trade. However, the reform of the financial system makes financial efficiency is not high, and the relevant financial market system defects. The market structure and financial instruments is single, and so on. That can not fully meet the requirements of financial support to SMEs.The non-state-owned economy in the financing of the formal financial system often can not be met in the situation that the most financial resources are controlled in the state-owned bank in order to support the economic development of state-owned. Therefore, during the process of the financial development promoting export trade promotion structural optimization, we can not simply rely on financial development and expansion of the number of capital markets. We should pay more attention to the efficiency and quality issues. Then, this paper used panel data to analyze the East, the Central and the Western's development of the financial impact of the export trade structure from a regional level. This paper inspected the situation of China's regional financial development imbalance led to structural optimization situation different. It found that the eastern part of the financial scale of development and efficiency significantly was higher than the central and western regions, which can be seen from the east central and western course of development. The eastern region of reform and opening up is earlier, and the financial services industry is faster than the central and western regions. The central and western mainly stay in the first and second industries, and the financial of development has not been paid enough attention very well. Therefore, the effect of the financial development impact on optimize export trade structure in the Central and Western are smaller than the Eastern. As the eastern region rapid economic development, and the economic development system is also faster than the Central and Western, the efficiency of savings turn into investments is higher. In the Eastern, the savings can be smoothly transformed into investment, and it is very helpful for accumulation of funds and technological innovation in the enterprises. Therefore, in the Eastern, the financial development is able to promote export trade structure optimization in a large extent.Finally, using the conclusions of empirical analysis, this paper gives some policy proposals how China's financial development can promote export trade structural optimization much better.