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Based on the macroeconomic data from 1992 to 2012, this paper studies the relationship between China\u2019s financial development and economic growth from the perspective of empirical analysis. Based on the value at risk model, Granger causality test is carried out on the variables of financial development and economic growth to analyze the relationship of interaction. A vector error correction model is established to estimate the parameters of each variable. The interaction between variables is further analyzed. The conclusion is that there is a mutual promotion mechanism between finance and economy in China, and economic growth can significantly promote the level of financial deepening.<\/jats:p>","DOI":"10.1186\/s13638-018-1322-z","type":"journal-article","created":{"date-parts":[[2019,2,20]],"date-time":"2019-02-20T11:12:42Z","timestamp":1550661162000},"update-policy":"https:\/\/doi.org\/10.1007\/springer_crossmark_policy","source":"Crossref","is-referenced-by-count":1,"title":["RETRACTED ARTICLE: An empirical study on the relationship between China\u2019s financial development and economic growth based on sensor technology"],"prefix":"10.1186","volume":"2019","author":[{"given":"Aidong","family":"Wang","sequence":"first","affiliation":[]}],"member":"297","published-online":{"date-parts":[[2019,2,20]]},"reference":[{"issue":"3","key":"1322_CR1","first-page":"5","volume":"8","author":"YQ Lin","year":"2017","unstructured":"Y.Q. 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Please see the Retraction Notice for more detail:","order":6,"name":"change_details","label":"Change Details","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"https:\/\/doi.org\/10.1186\/s13638-023-02226-7","URL":"https:\/\/doi.org\/10.1186\/s13638-023-02226-7","order":7,"name":"change_details","label":"Change Details","group":{"name":"ArticleHistory","label":"Article History"}},{"value":"AW, Doctor of Management, is a professor, graduated from Tianjin University in 2007, and worked in China University of Petroleum. His research interests include theory and practice of financial management.","order":1,"name":"Ethics","group":{"name":"EthicsHeading","label":"Author\u2019s information"}},{"value":"The author declares that she has no competing interests.","order":2,"name":"Ethics","group":{"name":"EthicsHeading","label":"Competing interests"}},{"value":"Springer Nature remains neutral with regard to jurisdictional claims in published maps and institutional affiliations.","order":3,"name":"Ethics","group":{"name":"EthicsHeading","label":"Publisher\u2019s Note"}}],"article-number":"42"}}