The Relations Study on Green Finance and Upgrading of Industrial Structure in China - Based on Grey Correlation Analysis Model

Abstract

In economic development, green finance and industrial structure are interrelated closely. Based on up-to-the-date China’s supply-side industrial structure reform and upgrading, it is of pragmatic significance to put green finance study into economic development mechanism and optimize the industrial structure to accelerate better eco-environment. By establishing a grey correlation analysis model, this paper provides an empirical research on the relationship between them on the ground of data from 2008 to 2017. In order to further boost green finance to promote the optimization and upgrading of industrial structure, through discussion, some policy suggestions are put forward. Technology innovation is also presented as a key factor which connects the twos.