Research On The Impact Of Digital Inclusive Finance On Residents' Consumption Structur

China’s economy is in the transition stage of "structural" deceleration and high-quality development in recent time.When the two-wheel drive development model of export and investment is gradually weakening,consumption has become a "booster" to transform China’s economic growth mode and advance China’s high-quality economic development.Technological advances have facilitated financial development,combining new digital technology with the traditional field of inclusive finance,resulting in the field of digital inclusive finance.Exploring how this emerging field affects the consumption structure of residents is significance for expanding domestic demand and transforming new kinetic energy of development in China at present.Based on a review of the research literature on the impact of digital comprehensive finance on resident consumption structures,this paper combines relevant financial theory and data analysis to study the consumption structure of Chinese residents.Based on the actual panel data,municipalities and autonomous regions in my country from 2011 to 2020,and using the fixed effect model as the data analysis method,this paper empirically analyzes how the consumption structure of Chinese residents may be affected by digital inclusive finance.The findings are as follows:(1)On the whole,the development of digital inclusive finance has encouraged the development of a utility structure to some degree,and the incentive effect is astonishing.;(2)In the function analysis of every dimensions,both the coverage breadth and the use depth can significantly promote the optimization and upgrading of Chinese residents’ consumption structure.Nevertheless,compared with the coverage and use depth,the degree of digitalization has less significance in promoting;(3)In the sub-regional test,on the whole,digital inclusive finance improves the level of consumption.Specifically,digital inclusive finance can best promote consumption upgrading in the eastern region.Finally,in order to better improve the effect of digital inclusive finance on the consumption structure of residents,this essay proposes five recommendations:(1)China should continue to promote digital inclusive finance for improving the consumption level and optimize the structure,and finally inject endogenous power into the high-quality economic development;(2)Continuously strengthen and optimize digital financial services;(3)Promote the development of digital inclusive finance in the rural areas and low-income people;(4)The government should increase the transfer payment to low-income groups and increase residents’ disposable income;(5)Strengthen the supervision of digital inclusive finance.