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

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.