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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