Research On The Impact Of Digital Finance On China’s Export Resilience

Due to the impact of the financial crisis,trade frictions and other external shocks,China’s export growth has slowed down.Maintaining strong export resilience is crucial for high-quality economic growth.In recent years,China’s digital finance has shown a momentum of vigorous development.With the gradual and deep integration of digital technology and financial services,the impact of digital finance on China’s export resilience has attracted extensive attention from the academic community.This article illustrates the influence mechanism of digital financial resilience on exports,based on the mediation mechanism of financing constraints,by using the model of a two-way fixed effects and survival analysis,from resist risk ability and export capability of two levels of digital financial impact on export toughness has carried on the empirical analysis and inspection,and combined with the theoretical research and empirical analysis to refine research conclusions and policy recommendations.The thesis is divided into six chapters: Chapter one describes the research background,research framework and research methods;The second chapter systematically summarizes the research progress at home and abroad from the measurement of digital finance and its social and economic effects,as well as the measurement and motivation of export resilience,and defines export resilience as the ability of enterprises to resist risks in the face of external shocks and export resilience after shocks.The third chapter explains the influence mechanism of digital finance on export resilience from two aspects of risk resistance and export recovery ability,and analyzes it with mathematical model.The fourth chapter analyzes the current situation of China’s export resilience based on the measured digital financial index.Chapter five analyzes the impact of digital finance on China’s export resilience.The sixth chapter extracts the research conclusion and puts forward relevant policy suggestions.The results show that :(1)the development of digital finance significantly promotes the risk resistance ability and export recovery ability of Chinese enterprises,and thus promotes the improvement of export resilience.(2)There is obvious heterogeneity in the impact of digital finance on export resilience.From the perspective of the three dimensions of digital finance aggregation index,the extent of coverage and depth of use have a stronger impact on export resilience than the degree of digitalization;In terms of the ability to resist risks,digital finance has a more significant impact on general trade enterprises than processing trade enterprises.For companies with different ownership nature,digital finance has a greater impact on the export resilience of private companies.(3)In terms of impact mechanism,digital finance has an important impact on export resilience by alleviating financing constraints,enhancing the ability to resist risks and export recovery.Based on the above conclusions,this paper puts forward relevant policy suggestions from three aspects:promoting the upgrading of financial product structure by relying on financial digitization,improving the risk control system of digital finance,and accurately enhancing export resilience based on heterogeneous strategies.