Study On The Influence Of Consumption Credit On The Level And Struture Of Resident Consumption In China

Based on the background of consumption becoming the main engine of economy and the change of residents' consumption concept,this paper studies the influence of consumption credit on residents' consumption level and structure in China.Firstly,this paper analyzes the current situation of consumer consumption and consumer credit in China from a macro perspective.Then,by using the 2017 CHFS household finance data,this paper divides China's consumer credit into bank credit,and private borrowing,to demonstrate its impact on China's consumption level and structure and to test the heterogeneity.There are some conclusions as the following by the empirical analysis.Firstly,bank credit will improve household consumption level,and private borrowing will reduce household consumption level.Secondly,bank credit cards is conducive to residents' optimization of consumption structure and promotion of consumption upgrading.Although private borrowing has restrained the consumption level of residents,to some extent it can improve the consumption structure of residents.Thirdly,the consumption level and structure of residents show different characteristics with their different urban and rural backgrounds,income levels and age stages.Finally,combined with the conclusion of this paper and the actual development of China,the paper puts forward corresponding suggestions for the consumer credit business in China,so that the consumer credit can play its role in promoting the consumption of residents.