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

Bhabani Nayak; Zhong  Yingnan

doi:10.5539/ijef.v11n3p89

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

Bhabani Nayak, Zhong Yingnan

School of Strategy and Leadership

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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 language	English
Pages (from-to)	89-98
Number of pages	10
Journal	International Journal of Economics and Finance
Volume	11
Issue number	3
Early online date	23 Feb 2019
DOIs	https://doi.org/10.5539/ijef.v11n3p89
Publication status	Published - 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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Nayak, B., & Yingnan, Z. (2019). Critical Reflections on Different Trends in the Relationship between Financial Developments and Economic Growth in China. International Journal of Economics and Finance, 11(3), 89-98. https://doi.org/10.5539/ijef.v11n3p89

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