A Study On Pratt & Whitney Finance Promoting Rural Poverty Alleviation

Poverty is always the hot issue which is concerned about. There are enormous researching documents concerning poverty problems. However, through many years of research on poverty and anti-poverty, poverty, which can’t be terminated, still exists all over the whole like plague. In the meanwhile, with the development of several decades, China has entered the key stage when it has to astride middle-income trap. The Problem of unbalanced development is more and more serious and the gap between the rich and poor is being widened. The poverty problem in the rural areas, which are the main battle fields, is particularly sever. In the background of the new era, the poverty problem in the rural areas of our country has started to take on a new trend--the changes of the structure of the poor groups, the growth of the fragileness of low-income groups, the high rate of poverty reinstatement and the awful phenomenon of inter-generation poverty transference. It is the fact which accompanies the poverty problem is that the anti-poverty in the rural areas has transformed to marketization, industrialization and precision. In such a situation," The decision of the Central Committee of the Communist Party of China on major issues concerning comprehensively deepening reform" was published in 2013, suggesting a resolution of the construction of inclusive finance system, aimed to let the poor and low-income groups have the right to inclusive finance in order to help them get rid of poverty and share the achievements of the social development.Nevertheless, the research on the influence of inclusive finance on poverty alleviation is on the beginning stage and remains to be deeply studied. Therefore, using this as a research object this paper, on the basis of clear definition of the relevant concepts of inclusive finance and poverty alleviation, will further sort out the philosophical basis of the contribution of inclusive finance to poverty alleviation, the mechanism of action, the mode of poverty alleviation and the condition of the realization. This paper will also summarize the advantages of the access to poverty alleviation of inclusive finance and indicate the direction for the improvement of the access to the new-era poverty alleviation.Afterwards, in order to test the effect of the contribution of inclusive finance to poverty alleviation and further verify the theoretical analysis the contribution of inclusive finance to poverty alleviation, this paper will scientifically choose measurement index on the basis of the understanding of the connotations of inclusive finance and poverty and at the same time measure and calculate the levels of inclusive finance of every province in 2012 and the degrees of poverty by using statistical methods and 2012 cross-section data from every province. On this basis, the relevant analysis will be undertaken between two with Pearson correlation test. The test result proves that negative correlations appear between rural multidimensional poverty index and the levels of inclusive finance--with regional inclusive finance increasing, the poverty of this area will be prominently alleviated. This can confirm that the resolution is rational that rural inclusive financial system can contribute to the regional poverty alleviation.In the end, on the basis of the comprehensive analysis, this paper suggests constructive proposals about the further promotion of rural inclusive financial system.