Research On The Impact Of Digital Inclusive Finance On The High-quality Development Of Rural Industrie

The governance of the country begins with enriching the people,and achieving common prosperity for all the people is the essential requirement of Chinese modernization.To promote common prosperity,the most arduous and onerous task still lies in rural areas,The rural revitalization strategy,as the main focus of our work on agriculture,rural areas and farmers in the new era,is an important support for and the only way to achieve common prosperity for farmers and rural areas.Among them,industrial prosperity is the important foundation of rural revitalization and the premise of solving all rural problems.As the core of modern economy,finance is an indispensable force to promote the revitalization of rural industries.However,at present,China’s financial industry still has some shortcomings in serving the revitalization of rural industry,which are reflected in the insufficient supply of rural capital,the lack of rural financial products and services,the distortion of factor market,and the declining precision of serving "agriculture,rural areas and farmers".These deficiencies are becoming the pain points and difficulties restricting the work of "agriculture,rural areas and farmers" and promoting the revitalization of rural industry.As a technology-driven financial innovation,digital inclusive finance is a deep integration of emerging technologies such as the Internet,big data and cloud computing with traditional inclusive finance.It can effectively solve the problems of physical network layout in rural and remote areas,improve the ability of rural customer identification and credit delivery,and alleviate the financing constraints faced by new agricultural operators and farmers.Financial resources will be more fully allocated to the weak links in rural revitalization,so as to support the high-quality development of rural industries.On the basis of the impact of digital inclusion finance on the high-quality development of rural industries,this paper uses the entropy weight method to construct the high-quality development index of rural industries in 30 mainland provinces by referring to the existing research,and uses the panel fixed effect model to empirically test the impact effect of digital inclusion finance on the high-quality development of rural industries and its internal influence mechanism.The results show that the high quality development level of rural industry in all provinces shows a trend of steady increase,but there are great differences in the development level of different regions.The high quality development of rural industry in eastern regions is higher than that in central and western regions;Digital financial inclusion has played a significant role in promoting the high-quality development of rural industries,but there are some regional differences in its effects,especially in non-grain-producing areas and eastern regions.Digital financial inclusion can promote the high-quality development of rural industries by facilitating labor transfer and land transfer.Based on the above research conclusions,this paper puts forward the following policy recommendations: strengthen the construction of rural digital financial inclusion infrastructure and enhance the penetration of rural digital financial inclusion;Speed up the design of digital inclusive financial products and services in line with rural industries to ease the financing constraints of rural industries;Improve the compatibility between digital inclusive finance and the financial needs of new agricultural business entities,and strengthen the role of digital inclusive finance in boosting the flow of production factors;Improve farmers’ financial literacy and create a sound rural financial ecological environment.