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Financial Openness and the Impact on the Chinese Economy

In: Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024)

Author

Listed:
  • Xiaotong Wu

    (University of California)

Abstract

In 2018, China’s economy embarked on a new phase of openness, with the Chinese financial industry actively advancing a comprehensive opening-up strategy. The primary research question in the field is that: What are the reasons for China’s efforts to increase financial openness? Is it not perilous? Scholars posited that increasing access to the financial sector is beneficial for China, particularly for its citizens. Regarding the research question, the author’s objective is to analyze the relationship between the liberalization of China’s financial sector and its economic growth, particularly Chinese industrial structure, while focusing on the impact of financial openness.

Suggested Citation

  • Xiaotong Wu, 2025. "Financial Openness and the Impact on the Chinese Economy," Advances in Economics, Business and Management Research, in: Hang Luo & Tang Yao & Wei Cui & Hongbo Li (ed.), Proceedings of 2024 6th International Conference on Economic Management and Cultural Industry (ICEMCI 2024), pages 437-443, Springer.
    • Handle: RePEc:spr:advbcp:978-94-6463-642-0_46
    DOI: 10.2991/978-94-6463-642-0_46
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