Effect and Path of Financial Development of Economic Growth in China

Abstract

 Since the reform and opening up of capital formation in China, financial development has  effected technological innovation, increase the value of the tertiary industry directlyt, and with capital accumulation and technological innovation path role in industrial growth, structural adjustment and the overall economic growth Long. Where technological innovation is the financial development on economic growth in the core mechanism of many paths. At the same time, the financial system Due to changes in the degree of financial development and economic growth, economic growth and financial development has a direct positive effect. Strengthen financial Institution-building, improve overall financial performance, collaborative development of innovative interactive technology constitute the co-ordination of financial and economic development finance Power point.