Research On The Impact Of China’s Financial Investment On Upgrading Of Manufacturing Industry

Nowadays,the financial industry is more and more important to promote the optimization of industrial structure,and regulate the distribution of various social resources.There is close relationship between Finance and development of industry.As a leading industry of national economy,it is in an unshakable position throughout the entire economic system.Through its products and services to adjust the industrial economic resources,so the level of development of the financial industry is related to the efficiency of social capital distribution,but also reflects the comprehensive competitiveness of a country.As the cornerstone of the national economy,manufacturing industry plays an important role in economic development.After joining the WTO,China’s manufacturing industry is also actively involved in the ranks of international division of labor.In international status,China plays an increasingly important role in making an invaluable contribution to the development of the global economy.But China has a comparative advantage of the manufacturing industry mostly concentrating in the low-tech industry.After the 1990s,a little number of high-tech industries in the manufacturing industry gradually highlights the advantages,but compared with the major developed countries,China’s manufacturing industry has a low level of production services.At present,China’s manufacturing industry is not strong,facing the transformation and upgrading of the major opportunities and challenges.In the March 5,2015 "Government Work Report",Premier Li first proposed "China made 2025" plan.In the "China made 2025" background,the financial industry plays a central role in promoting the coordinated development of the national economy,especially promoting the upgrading of manufacturing causes more and more attention.This paper uses 1997,2002,2007,2012 input-output table and establish input-output model.First,from the perspective of the financial industry measure the relations between financial industry and the various sectors of the national economy.Respectively,from the forward and backward correlation research,focusing on the use of forward correlation analysis financial industry capital flows.Study the flow of funds between the financial sector and various departments.And then from the manufacturing industry point of view study manufacturing industry units of financial input.And then analyze the financial industry on the industry effect.Finally,research the impact of the increasing in financial investment on the manufacturing sector and the increasing in the financial input of the high-tech industry to the national economy.This paper attempts to answer the following questions:Is it reasonable for financial industry on the various departments of the capital point?What is the total driving effect of each department?What are the changes in the flow of manufacturing industry funds and the effect of this,especially the allocation of funds to high-tech industries and the impact of this?Combine with empirical research,analysis of China’s financial industry whether the allocation of funds is reasonable,the impact of transformation and upgrading of manufacturing industry.This paper draws the following conclusions:By studying the influence degree of the financial industry,it is found that the influence degree is lower than the social average influence level.From the perspective of the financial industry,it has a wide range of links with various departments,and the financial industry flows mainly to the financial industry,chemical industry,wholesale and retail trade,construction and other departments through direct means.Through direct and indirect way mainly flows to construction industry,chemical industry,financial industry,metal smelting and rolling processing industry and other departments.As the cornerstone of the national economy,the manufacturing sector has insufficient capital investment.From the perspective of the manufacturing industry,it is found that the proportion of financial investment in manufacturing units is much lower than that of other industries,including financial industry,real estate,transportation and warehousing,wholesale and retail trade.Simulating to increase the financial investment in the manufacturing sector has a significant impact on the overall effect of the national economy.Increasing the financial input of the high-tech industry in the manufacturing industry,the impact is almost the same.The current financial investment in industrial structure is not reasonable,the flow of funds to the manufacturing sector is less.In the global value chain,in view of the transformation and upgrading of China’s manufacturing industry,improve the status of the division of manufacturing and put forward the rational countermeasures and suggestions of optimizing the allocation of financial resources.