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Academic Journal of Business & Management, 2024, 6(1); doi: 10.25236/AJBM.2024.060120.

The analysis of financial development in Northeast China from 2005 to 2021

Author(s)

Li Wantong

Corresponding Author:
Li Wantong
Affiliation(s)

School of Economics and Management, Guangxi Normal University, Guilin, 541006, China

Abstract

From 2005 to 2021, the GDP of the three provinces in Northeast China increased from 1.479373 trillion yuan to 5.569882 trillion yuan, and the total economic volume increased significantly. The number and capital scale of banking financial institutions in the three provinces in Northeast China continued to grow, providing strong support for economic development. However, due to the relatively simple financial model in Northeast China, the development of the financial industry in various regions is unbalanced. To deepen the development of the financial industry in Northeast China, efforts should be made to enrich the market structure of the financial system, continuously reform and innovate the financial system in line with the economic development of Northeast China, strengthen the coordination of development and reform, and optimize the financial ecological environment.

Keywords

North-east; Financial development; Structural reforms

Cite This Paper

Li Wantong. The analysis of financial development in Northeast China from 2005 to 2021. Academic Journal of Business & Management (2024) Vol. 6, Issue 1: 141-147. https://doi.org/10.25236/AJBM.2024.060120.

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