The Impact of Financial Services Trade Liberalization on China

Li-Gang Liu

Discussion papers from Research Institute of Economy, Trade and Industry (RIETI)

Abstract: This paper shows that financial services trade liberalization in China has set impetus for accelerated domestic financial liberalization. Foreign banks, though still relatively small in size, have already exerted considerable influence on China's capital flows. Empirical findings from a gravity model analysis indicate that financial services trade liberalization under the WTO promotes bank loans to developing economies strongly though not evenly conditional on country characteristics.

Pages: 33 pages
Date: 2005-09
New Economics Papers: this item is included in nep-fmk, nep-int, nep-sea and nep-tra
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:eti:dpaper:05024

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