Comparative Study on International Competitiveness of Financial Services Trade in China, America and India

摘要

In recent years, the rapid development of international trade in services has increasingly become an important indicator of national competitiveness. This paper does research in financial services trade. China and India are the delegates of emerging economies. The United States is the most developed country in the word in services trade. After a brief introduction on financial services trade of China, United States and India, the paper makes a empirical and comparative analysis of the international competitiveness of the three countries' financial services trade using RCA index, TC index and international market share respectively. It is found that the competitiveness of Chinese financial services is behind both the United States and India. Promotion of Chinese financial services trade will help improve the whole country's international competitiveness. At last, the paper proposes some relative strategies to enhance the international competitiveness in China.