Research On The Competitiveness Of China's Financial Service Trade

In recent years,service trade has been increased as a partion of the world's total import and export trade.In the field of service trade,the proportion of traditional service industries represented by tourism services and logistics services has declined,and the importance of financial service exports in service trade has been gradually increased.As a developing country,China needs to enhance its trade competitiveness to became a powerful country in international trade from a major country in international trade.Based on this,how to enhance China's financial service trade competitiveness and enrich and optimize China's service trade structure is very meaningful.Combining the theory of Porter's competitive advantage and comparative advantage theory,this paper have conducted a research on the competitiveness of China's financial service trade,and by using reveals indicators and analytical indicators to complish the study.After the theoretical introduction,Firstly layout the export number of China's financial services trade and other data,and sorted out the current situation of China's financial service trade.Through data sorting and enumeration,analyzed from two aspects: trade scale and trade structure.And found that the scale of China's financial services trade exports is relatively small in service trade and there is a structural imbalance.Then,using the three display indicators of SRCA index,TC index and international market share MS,the financial service trade competitiveness level of “BRIC” countries including China was measured.After horizontal comparison,China was found.The competitiveness of financial services trade is the weakest among the BRICS countries,and South Africa is the strongest.Based on the above analysis and the current situation of China's financial services trade,Use the Porter diamond model to empirically analyze the sources of competitiveness of China's financial services trade,and the elements in the diamond theory are divided into domestic and international aspects,and the VEC model is constructed for China.The export of financial services and the per capita GDP and actual use of foreign capital have been self-returning,and it is found that there is a clear relationship between the three factors.Then,from the six elements of the diamond model,12 factor indicator construction models were selected.After empirically testing the model of the selected variable indicators,it was found that the impact of market concentration and market openness on China's financial services exports was negative.The rest of the factors have a positive effect on enhancing the competitiveness of China's financial services trade.Therefore,based on the empirical results,targeted policy recommendations were put forward.