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

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  • Bhabani Shankar Nayak
  • Zhong Yingnan

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.

Suggested Citation

  • Bhabani Shankar Nayak & Zhong Yingnan, 2019. "Critical Reflections on Different Trends in the Relationship between Financial Developments and Economic Growth in China," International Journal of Economics and Finance, Canadian Center of Science and Education, vol. 11(3), pages 89-98, March.
    • Handle: RePEc:ibn:ijefaa:v:11:y:2019:i:3:p:89-98
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    Cited by:

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    3. Jimoh Sina Ogede & Musa Olanrewaju Oduola & Olumuyiwa Ganiyu Yinusa & Lukman Raimi, 2023. "Modelling The Influence Of Financial Inclusion On The Remittancegrowth Nexus In Nigeria," Economic Annals, Faculty of Economics and Business, University of Belgrade, vol. 68(237), pages 137-163, April – J.

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    More about this item

    Keywords

    finance; economy; development; China;
    All these keywords.

    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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