Digital Financial Inclusion Supports The Study Of Common Prosperity

After the reform and opening up,China’s economy has grown rapidly,and people’s material life and spiritual life have become more and more abundant.However,the problem of insufficient development imbalance is still very serious,which is mainly manifested in the huge development differences between regions and between urban and rural areas.Since the 18th National Congress of the Communist Party of China,our party has put the goal of achieving common prosperity in a more important position and introduced many policies and measures to improve people’s livelihood.China will build a well-off society in an all-round way in 2020,laying a solid foundation for achieving the goal of common prosperity.The essence of the high-quality development of financial service economy is to help realize the goal of common prosperity,but because of the defects of traditional finance,it deviates from our goal of achieving common prosperity.As a tool combining inclusive finance and digital technology,digital inclusive finance has the characteristics of efficiency and fairness,and can provide effective services for more financial demanders,which is an effective way to achieve common prosperity.The theme of this paper is the research on the influence of digital inclusive finance on common prosperity.First of all,using related concepts and referring to the existing research results,this paper measures the common prosperity index of 28 provincial administrative regions in China,and analyzes the development status of common prosperity in China from 2011 to 2020.It is found that there are obvious regional differences in the degree of common prosperity in China,and the speed of achieving common prosperity is also obviously slowing down,which shows that this task is arduous and long-term.Secondly,according to the relevant theories,this paper studies the influence mechanism of digital inclusive finance supporting common prosperity,and expounds in detail the direct influence and indirect influence respectively;Then,using the digital inclusive finance index calculated in Peking University Digital inclusive finance Index as an explanatory variable,this paper empirically studies the degree of influence of digital inclusive finance on common prosperity,and finds that the development of digital inclusive finance has a significant role in promoting common prosperity,but it is mainly achieved by promoting the degree of prosperity,but the influence on common prosperity is not obvious;Then,the regional heterogeneity analysis of the influence of digital inclusive finance on supporting common prosperity is made,and it is found that there are obvious regional differences in its influence,and the role of digital inclusive finance development in promoting common prosperity in eastern,central and western regions of China has gradually decreased;Finally,combined with the actual development of digital inclusive finance and common prosperity in China,based on the research conclusions of this paper,relevant policy suggestions are put forward,including exploring the multi-dimensional power point of digital inclusive finance,alleviating regional differences according to local conditions,revitalizing rural areas to narrow urban-rural differences,establishing an optimization mechanism of financial ecological environment,and assisting coordinated development through multiple allocations.