Study On The Effect Of Inclusive Financial Development On Poverty Alleviation In China

Poverty is an important factor that hinders the development and stability of social and economic development,and was concerned widely all over the world.Since the reform and opening up,the economy has increased rapidly in China,industrialization and urbanization level has been accelerating,the income and living standard of residents steadily improved,and the process of anti-poverty has been pushed forward.However,the problem of poverty in China is more complex,the gap between the rich and the poor is large,impoverished area presents the concentration to connect piece features.The poverty level is deeper,and the poverty reduction is more difficult.The task of poverty alleviation is still arduous.At present,poverty alleviation in China has entered a crucial stage,the strategy has been transformed from blood-transfusion poverty alleviation to better blood-making function for poverty alleviation.Financial poverty alleviation played an important role in the alleviation of poverty.By providing financial resources and financial services for the poor with affordable cost,improving the self development ability of the poor and reducing the poverty rate,Inclusive Finance provides an effective way for poverty alleviation.Therefore,this paper studies poverty alleviation from the perspective of Inclusive Finance,to find an effective way to alleviate poverty for the poor.Firstly,this paper reviews the relative research results of Inclusive Finance development and poverty alleviation.Secondly,the paper introduces the related concepts of inclusive finance and poverty,analyses the impact mechanism of inclusive financial development on poverty alleviation,expounds the current situation of China's inclusive finance and anti-poverty from the perspective of reality,and the current development of financial poverty reduction in China.On the basis of theory and the analysis of present situation,the paper takes the panel data from 2010 to 2016 as the sample,makes an empirical study on the effect of the inclusive finance development and the poverty alleviation in China,and studies the threshold effect.Finally,according to the research conclusion,the policy recommendations are given.The results show that there is a non-linear relationship between inclusive finance development and poverty alleviation in China,and the result shows obvious threshold characteristics.In the different stage of per capita income,the effect of inclusive finance development on poverty is different,showing an inverted ?U? type relationship which is obviously promoted to gradually promoted finally a significant inhibition.In view of the current situation in China and the conclusions of this paper,the policy suggestions are put forward to improve the quality of financial services,promote the farmers' income by cultivating the effective financial demand in the poor areas and allocate the financial resources rationally according to the economic development of the region.