Title: Comparative study on the competitiveness of China's and India's financial services trade

Authors: Zhang Guangtong; Li Hui; Miao Wang

Addresses: Central University of Finance and Economics, Changping District, Beijing, China 579M+X65, Changping District, Beijing, 102206, China ' Central University of Finance and Economics, Changping District, Beijing, China 579M+X65, Changping District, Beijing, 102206, China ' Central University of Finance and Economics, Changping District, Beijing, China 579M+X65, Changping District, Beijing, 102206, China

Abstract: China and India are both large developing countries in Asia, but according to the data, there existed some gaps between the two countries. For example, in the trade of financial services, China is far behind India in both the total volume and the structure of the trade in services. This is partly because China has adopted the policy of proactive risk prevention and deleveraging in order to ensure the stability of the financial sector. However, in the context of economic globalisation becoming a general trend, the internationalisation of financial industry has also become an important characteristic of economic globalisation. As a new profit growth point, all countries are striving for a bigger financial market. To serve the construction of the new development pattern of China, this paper carries out the new development concept, and puts forward the optimisation path of the development of China's financial service trade.

Keywords: financial service trade; competitiveness index; optimal path; India; China.

DOI: 10.1504/IJCCM.2022.123104

International Journal of Chinese Culture and Management, 2022 Vol.5 No.2, pp.178 - 188

Received: 25 Mar 2021
Accepted: 09 Sep 2021
Published online: 26 May 2022 *

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