Evaluation Of China's Inclusive Finance Leveland Research On Its Poverty Alleviation Effect

China has achieved rapid development in economy,society and other aspects in the process of reform and opening up,but the poverty problem in China is still severe.At present,targeted poverty alleviation is one of the three major tasks that we must accomplish to complete the building of a moderately prosperous society in all respects.Only by winning the important battle can we realize people's happiness,and solve the problems of unbalanced and insufficient development.In recent years,Inclusive Finance has attracted more and more people's attention.As the development and extension of micro-finance,it has played an active role in promoting economic growth,improving people's well-being and promoting social equity.Therefore,a lot of governments are committed to promoting its development.China has implemented a series of policies to facilitate the construction and development of financial institutions and accelerated the establishment of an inclusive financial system suitable for more people groups,so as to achieve targeted financial poverty alleviation in China.This paper studies the development level and poverty reduction effect of Inclusive Finance in China and shows the achievements and challenges that Inclusive Finance has achieved in helping to overcome poverty,which will play a positive role in promoting China's poverty alleviation.Based on the actual situation of China,this paper constructs an index system of inclusive financial development and evaluates the level of inclusive financial development of our country from 2005 to 2017,and then uses the level values obtained to empirically analyze the direct and indirect effects of Inclusive Finance on poverty reduction in China by establishing the dynamic panel model and threshold panel model.The poverty reduction in this paper refers to the reduction of the breadth and depth of poverty.The breadth of poverty reflects the coverage of the poor,and the depth of poverty reflects the difference of the degree of poverty.From the national level,the development level of Inclusive Finance in China has been gradually improved in the past 13 years,but the current overall level is still not high.Three regions present the situation of higher in the east,middle in the middle and lower in the west.Using thedynamic panel model to study the direct effect of Inclusive Finance on poverty reduction in China,the regression results show that Inclusive Finance has a significant moderating effect on the breadth and depth of poverty.For every unit of increase in the level of Inclusive Finance in the three regions,the alleviation effect on the breadth and depth of poverty was better in the west than in the middle than in the east.The indirect impact mechanism of Inclusive Finance on poverty reduction in China is that Inclusive Finance can alleviate poverty by promoting economic growth and achieving inclusive growth.Bootstrap method was used to verify the effect of economic growth and income level as intermediate variables in the indirect poverty reduction of Inclusive Finance.The threshold estimation test shows that the development of Inclusive Finance has significant threshold characteristics for poverty alleviation.Under different economic growth rates and different income levels of residents,the impact coefficients of Inclusive Finance on the breadth and depth of poverty alleviation are different.