The Research On China And Indian International Competitiveness Of Financial Service Trade

Since last year,on the one hand,the world economic is developing at a low rate,which is in a fragile state,globalization become a hot topic once again,there are many arguments about the pros and cons of globalization,the current pattern of the world economy is facing profound changes.On the other hand,China’s economy is on the key points of economic structural transformation,if we can seize the opportunity,we will relieve or resolve economic problems existing in our country,and to lead our country economic structure into a new stage.Along with our country financial system’s reforming and the deepening of openness,the financial service trade has developed rapidly in recent years,and the scale expands unceasingly,but because of financial service trade in China starts late,there are a big gap between Chinese financial service trade development and foreign financial service trade development,we do not have international competitiveness,and the current domestic economic study of financial service trade start late,the method has great limitation.Therefore,it’s important to understand the development of China’s current financial services trade international competitiveness,find out the factors affecting international competitiveness of financial service trade in China,and come up with the relevant countermeasure and the suggestion to promote the development of financial service trade in China.This article reviews the domestic and foreign scholars study of financial service trade international competitiveness,and analyzes the comparative advantage theory,new trade theory and competitive advantage theory to the applicability of the financial trade in services,introduce the three indicators of evaluating a country’s financial services trade international competitiveness: the index of international market share,trade competitiveness index and revealed comparative advantage index.Then there are many similarities between China and India in civilization development and path,and compare the development status of the two countries,and two countries financial services trade international competitiveness based on the above three evaluation index.Finally analyze big six factors which have the impact on the financial service trade in China based on porter’s diamond model theory,put forward the corresponding countermeasures to improve international competitiveness of financial service trade in China from the aspects of six factors.