Research On The Impact Of Rural Financial Development On Rural Residents Consumption In Shaanxi Province

As a developing country with the largest area and the largest population in the world,China has about 600 million rural resident population distributed on the land of China.Against the backdrop of slowing domestic economic growth,industrial restructuring and global economic malaise,the contribution of investment and exports to economic growth has continued to decline,and it has become imperative to seek new drivers of economic growth and avoid a hard landing,the expansion of domestic demand is an effective means to solve the current problems.The rural resident population in Shaanxi Province is relatively large,and half of the province is dominated by agricultural production.Therefore,the development of rural finance in this province will help expand the consumption scale and raise the consumption level in rural areas,it is of great significance to solve a series of problems such as financing difficulty,investment difficulty and loan difficulty of rural residents.With the further implementation of such strategic measures as the construction of "Belt and Road" and the revitalization of rural areas,the living conditions of rural residents in Shaanxi Province have been significantly improved,with more disposable income and increased consumer demand and ability,led to changes in the structure of consumer spending.Through the analysis of the factors affecting the consumption of rural residents in Shaanxi Province,we can see that not only the government agencies play an important role,but also the need to pay attention to the development of rural finance.The improvement of residents' consumption level has provided an important opportunity for the development of rural financial market,which has injected new impetus into the development of rural financial innovation and promoted the sustainable and stable development of rural economy.This paper studies the rural finance and rural residents' consumption in Shaanxi Province by adopting the basic research thought of “Current situation of rural finance and consumption of rural residents--The influence of rural financial development on rural residents consumption--Conclusions and recommendations”.The paper summarizes the relevant domestic and foreign literatures that study the relationship between financial development and economic growth,between financial development and consumption,between rural credit development and consumption,between rural financial development and income of rural residents,and on the basis of rural finance theory and consumption theory,and based on the macro statistical data of Shaanxi Province from 2005 to 2018,this paper analyzes the influence of rural finance development on rural residents' consumption in Shaanxi Province by using multiple regression model,finally,according to the results of empirical analysis of Shaanxi Province in the rural development of rural residents consumption in the impact of the problems,and put forward relevant countermeasures and suggestions.Based on rural finance,this paper analyzes the impact of rural finance development on rural residents' consumption in Shaanxi Province.(1)there is a positive correlation between rural financial development and rural residents' consumption in Shaanxi Province.(2)the study of this paper holds that the impact of rural financial development on rural residents' consumption is manifested in many negative aspects,in terms of the direct impact,it is mainly the expansion of consumer credit on consumption,and in terms of the indirect impact,the development of rural finance can perfect infrastructure construction,optimize consumption environment,promote economic development,increase rural residents' income,reduce precautionary savings and release potential purchasing power.(3)according to the results of theoretical analysis and empirical research,the development of rural finance in Shaanxi Province plays an important role in improving the consumption level of farmers.at present,there are some problems,such as the slow development of consumption credit,the lag of rural financial development policy and system,the large influx of informal finance,and the lack of market competitiveness.Based on this,four suggestions are given,including: expanding consumption credit,releasing purchasing power and fund liquidity;Perfecting Rural Social Security System and developing rural commercial insurance;The formalization of informal finance,etc.