Critical Reflections on Different Trends in the Relationship between Financial Developments and Economic Growth in China

Bhabani Nayak, Zhong Yingnan

Research output: Contribution to journalArticle

Abstract

There are many burgeoning literatures dominate the debates on relationship between financial developments and economic growth in China. It has always been a contagious one. The Chinese state is making coordinated effort for the development of the financial sector for economic growth to address issues of local development. Since the reforms of 1978, the Chinese economy has witnessed rapid growth. This paper explores the relationship between financial development and economic growth in China. It argues that there is a bidirectional causality between financial development and economic growth in China.
LanguageEnglish
Pages89-98
Number of pages10
JournalInternational Journal of Economics and Finance
Volume11
Issue number3
Early online date23 Feb 2019
DOIs
Publication statusPublished - 27 Feb 2019

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Critical reflection
Economic growth
Financial development
China
Financial economics
Chinese economy
Financial sector
Causality
Local development

Bibliographical note

CC-BY This work is licensed under a Creative Commons Attribution 4.0 License.

Keywords

  • Finance
  • Economy
  • Development
  • China

Cite this

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