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

Bhabani Nayak, Zhong Yingnan

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    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.
    Original languageEnglish
    Pages (from-to)89-98
    Number of pages10
    JournalInternational Journal of Economics and Finance
    Volume11
    Issue number3
    Early online date23 Feb 2019
    DOIs
    Publication statusPublished - 27 Feb 2019

    Bibliographical note

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

    Keywords

    • Finance
    • Economy
    • Development
    • China

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