Empirical Study On The Coupling And Coordination Of Government Guided Funds And Digital Transformation

At the 20 th National Congress of the Communist Party of China,Xi Jinping,General Secretary of the CPC Central Committee,Chinese President and Chairman of the Central Military Commission,pointed out: "We must focus on developing the real economy,promote new industrialization,accelerate the construction of a manufacturing,quality,space,transportation,network,and digital China." The digital economy is becoming a key force in restructuring global factor resources,reshaping the global economic structure,and changing the global competitive landscape.The development of the digital economy is a strategic choice to seize the new opportunities of the new round of scientific and technological revolution and industrial transformation.As digital technology gradually integrates into the real economy,the development of the digital economy not only accelerates the digitalization of the digital industry,but also promotes the digitalization of industries,accelerates the innovation and application of digital technology,continuously promotes the integration of digital and real,and focuses on deepening the integration and releasing the potential of digitalization,promoting the transformation of digitalization to achieve amplifying,superimposing,and multiplying effects,and accelerating the development and construction of a digital China to create new advantages in the digital economy and expand the new engine of economic development.However,the natural risks and market risks that exist in the process of digital transformation,financial institutions and social capital are not willing to directly provide financial services to digital transformation enterprises,and the guiding role of government-guided funds is particularly important.Therefore,this study investigates government-guided funds and digital transformation.Using the coupling coordination model,this study calculates the coupling coordination of government-guided funds and digital transformation upgrades from 2013 to 2020.The results show that the interactive relationship between government-guided funds and digital transformation in the eastern region is relatively strong,the interactive relationship in the central region needs to be further improved,and the interactive relationship in the western and northeast regions is weak.At this critical moment,it is necessary to pay more attention to improving the coupling between the two,and at the same time,strengthen the effectiveness of government-guided funds to promote digital transformation,focusing on guiding the digital transformation of local industries in the central,western,and northeast regions and improving the regional industrial chain.