Commenced in January 2007
Frequency: Monthly
Edition: International
Paper Count: 32297
The Impact of Digital Inclusive Finance on the High-Quality Development of China's Export Trade

Authors: Yao Wu


In the context of financial globalization, China has put forward the policy goal of high-quality development, and the digital economy, with its advantage of information resources, is driving China's export trade to achieve high-quality development. Due to the long-standing financing constraints of small and medium-sized export enterprises, how to expand the export scale of small and medium-sized enterprises has become a major threshold for the development of China's export trade. This paper firstly adopts the hierarchical analysis method to establish the evaluation system of high-quality development of China's export trade; secondly, the panel data of 30 provinces in China from 2011 to 2018 are selected for empirical analysis to establish the impact model of digital inclusive finance on the high-quality development of China's export trade; based on the analysis of the heterogeneous enterprise trade model, a mediating effect model is established to verify the mediating role of credit constraint in the development of high-quality export trade in China. Based on the above analysis, this paper concludes that inclusive digital finance, with its unique digital and inclusive nature, alleviates the credit constraint problem among SMEs, enhances the binary marginal effect of SMEs' exports, optimizes their export scale and structure, and promotes the high-quality development of regional and even national export trade. Finally, based on the findings of this paper, we propose insights and suggestions for inclusive digital finance to promote the high-quality development of export trade.

Keywords: Digital inclusive finance, high-quality development of export trade, fixed effects, binary marginal effects.

Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 414


[1] Report on the 19th National Congress of the Communist Party of China: "Winning to build a moderately prosperous society and seizing the great victory of socialism with Chinese characteristics in the new era
[2] Cao Junwen, Lei Qingya. Evaluation of high-quality development of China's foreign trade under the new development concept (J). Statistics and Decision Making, 2021, 37(15):100-104. doi:10.13546/j.cnki.tjyjc.2021.15.022.
[3] Li Ying, Sha Wenbing, Dong Chunwei. Comprehensive evaluation of sustainable development of foreign trade based on hybrid model (J). Statistics and Decision Making, 2017(3):160-163. doi:10.13546/j.cnki.tjyjc.2017.03.039.
[4] Fan Zhaobin, Zhang Liuqing. The impact of financial inclusion development on trade margins and structure in China (J). Research in Quantitative Economics and Technology Economics, 2017,34(9):57-74.
[5] Li Mengyu. The impact of financial inclusion on the economic growth of countries along the Belt and Road--an empirical study based on spatial econometric model (J). Contemporary Economic Management, 2019, 41(05):76-84. DOI:10.13253/j.cnki.djjgl.2019.05.010.
[6] Shen N. Dynamic evolutionary analysis of financial development and international trade - based on empirical data of China (J). World Economic Studies, 2006(06):53-58.
[7] Meng Qi, Shen Jiayu. Digital economy and high quality development of trade - A GVC trade status perspective (J). Business Economics Research, 2021(14):145-148. doi:10.3969/j.issn.1002-5863.2021.14.038.
[8] Jiang Changliu, Jiang Chengtao. Can digital inclusive finance promote high-quality regional economic development? --Empirical evidence based on 258 cities (J). Journal of Hunan University of Science and Technology (Social Science Edition), 2020,23(3):75-84. doi:10.13582/j.cnki.1672-7835.2020.03.009.
[9] Ma Linjing, Liang Ming, Xia Rongbing. Reflections on promoting high-quality development of China's trade in the new era (J). International Trade, 2020(07): 41-46+71. DOI:10.14114/j.cnki.itrade.2020.07.007.
[10] He Yiqing, Wang Maochuan. Non-linear and heterogeneous economic growth effects of digital inclusive finance: An empirical study based on smoothed transition model and quantile model (J). Journal of Sichuan Normal University (Social Science Edition), 2021, 48(1):54-64. doi:10.13747/j.cnki.1000-5315.2021.01.007.
[11] He Jian, Zhang Hongmei. Research on the impact of regional differences of digital inclusive finance on high-quality economic development - a test based on systematic GMM and threshold effect (J). Financial Theory and Practice,2020(7):26-32. doi:10.3969/j.issn.1003-4625.2020.07.004.
[12] Tang WJ, Li Shang, Tao YQ. Digital inclusive finance development and industrial structure upgrading-empirical evidence from 283 cities (J). Journal of Guangdong University of Finance and Economics, 2019, 34(6):35-49.
[13] Zhao Chunming, Chen Kaijun. How foreign direct investment promotes high-quality development of trade (J). Open Guide,2020(02):51-58. doi:10.19625/j.cnki.cn44-1338/f.2020.0026.
[14] AFI, Maya Declaration updated as of September 2015, http:/, 2015.
[15] GPFI, Global Standard-Setting Bodies and Financial Inclusion-the Evolving Landscape, GPFI Report,,2015.
[16] Zhan Yunqiu. A study on the effect of digital inclusive finance on the quantity and quality of economic growth--systematic GMM estimation based on provincial panel data (J). Credit, 2018, 36(8):51-58. doi:10.3969/j.issn.1674-747X.2018.08.011.
[17] Guo, F., Wang, J.Y., Wang F., T. Kong, X. Zhang, and Z. Y. Cheng, "Measuring the development of digital inclusive finance in China: Index compilation and spatial characteristics, Vol. 19, No. 4, 2020, pp. 1401-1418.
[18] Sun Zhaobin. Financial development and export commodity structure optimization (J). International Trade Issues,2004(9):64-67.
[19] Ma Degong, Luo Yuke, Zhang Yang. A study on the impact of financial inclusion development on international trade - based on data from 36 countries (J). Financial Review,2020,12(2):98-110.