A Literature Review on Digital Finance, Consumption Upgrading and High-quality Economic Development

Abstract

Under the background of China's high-quality development and "domestic and international double circulation", it is required to gradually optimize the economic structure and social structure while ensuring economic growth. The role of consumption is increasingly prominent. The development of digital finance can promote residents' consumption and consumption upgrading, which in turn can promote high-quality economic development. In order to promote high-quality economic development, this paper reviews the literature in relevant fields, and finds that the literature that studies the three topics simultaneously is still very rare. The research on digital finance and high-quality economic development from the perspective of consumption upgrading is still very rare. It is suggested that the corresponding research can be conducted from the perspective of consumption upgrading in the future.