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A Study of Impact of Enterprise ESG Performance on Financing Constraints—Based on Signal Asymmetry and Principal-Agent Perspective ZHANG Yalian, SU Changping Finance & Economics of Xinjiang    2023, 0 (2): 48-57.   DOI: 10.16716/j.cnki.65-1030/f.2023.02.005 Abstract （753）   HTML （29）    PDF（pc） （871KB）（1073）       Knowledge map    Save Based on the sample of listed companies in Shanghai and Shenzhen A-shares from 2015 to 2020, this paper empirically tests the mitigation effect, mechanism and path of ESG performance on corporate financing constraints. The results show that good corporate ESG performance can help enterprises get out of the financing constraint dilemma, and the effect of corporate ESG performance to alleviate the financing constraint is more obvious in small and medium-sized enterprises. From the perspective of the mechanism of enterprise ESG performance affecting enterprise financing constraints, enterprise ESG performance can not only play a signal effect and help enterprises gain more analysts' attention, but also give full play to the governance effect of enterprise ESG performance and effectively alleviate the agency conflict of enterprises. From the perspective of the impact path of corporate ESG performance to alleviate corporate financing constraints, corporate ESG performance can help enterprises obtain lower cost debt financing and equity financing. This study has implications for promoting enterprises' ESG information disclosure and improving the efficiency of resource allocation. Table and Figures | Reference | Related Articles | Metrics

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Local Government Debt Risk Assessment and Situation Analysis —Based on 2013-2021 Data ZHU Wenwei, CHEN Leilan, DENG Zuoyong Finance & Economics of Xinjiang    2023, 0 (4): 48-57.   DOI: 10.16716/j.cnki.65-1030/f.2023.04.005 Abstract （89）   HTML （6）    PDF（pc） （851KB）（935）       Knowledge map    Save Based on the development context of the history, current situation and future trend of local government debt formation, a local government debt risk assessment system was constructed from the four dimensions of debt situation, economic strength, financial strength and financial situation. The entropy method is used to assess the debt risk of 31 provinces, cities and autonomous regions in country from 2013 to 2021, and the situation interval is divided by the principle of the three-time standard deviation. The results show that Guangdong, Shanghai and other provinces and cities are in low-risk areas, most provinces and cities are in medium-risk areas, while a few provinces and autonomous regions such as Tibet and Qinghai have extremely high debt risks, and the government debt risk scores of most provinces, cities, and autonomous regions have been increasing year by year. In this regard, we should be highly vigilant against local debt risks, formulate different debt risk prevention and resolution measures at different levels, increase the intensity of financial transfer payments to economically underdeveloped areas, and strictly control new debts. Table and Figures | Reference | Related Articles | Metrics

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The Spillover of Carbon Trading Market， Energy Market and Low Carbon Stock Market—An Empirical Study Based on the Joint Spillover Index Model GONG Zhenting, CHEN Yanbei Finance & Economics of Xinjiang    2023, 0 (5): 16-28.   DOI: 10.16716/j.cnki.65-1030/f.2023.05.002 Abstract （139）   HTML （5）    PDF（pc） （3543KB）（664）       Knowledge map    Save With the gradual acceleration of the construction of a unified carbon trading market across China, scientifically measuring the risk spillover effects between different markets is particularly important for effectively responding to complex and ever-changing market conditions. The paper uses a joint spillover index model to empirically find that there is a risk spillover effect between the carbon trading market, energy market, and low-carbon stock market, and the directional spillover effect and net spillover effect between different markets have obvious time-varying characteristics. Compared with China, the EU carbon trading market has a stronger ability to resist risks. In this regard, a risk warning mechanism should be established between the carbon trading market, energy market, and low-carbon stock market, and the policy system construction of China’s carbon trading market and the information disclosure mechanism of relevant financial institutions should be improved to effectively prevent cross market financial risks. Table and Figures | Reference | Related Articles | Metrics

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An Analysis of Export Potential of China's Mechanical and Electrical Products to Countries Along "the Belt and Road"—An Empirical Study Based on the Expansion Gravity Model ZHANG Zhibin, CHEN Zhuo Finance & Economics of Xinjiang    2023, 0 (4): 70-80.   DOI: 10.16716/j.cnki.65-1030/f.2023.04.007 Abstract （134）   HTML （4）    PDF（pc） （2240KB）（600）       Knowledge map    Save Based on the sample data of 61 countries along "the Belt and Road" from 2005 to 2019, this paper analyzes the current situation of China's export of mechanical and electrical products to the countries along "the Belt and Road", and empirically studies the influencing factors and export potential of China's export of mechanical and electrical products to the countries along "the Belt and Road" through the expanded gravity model. The findings are as follows: First, the export scale of China's mechanical and electrical products to the countries along "the Belt and Road" has been growing continuously. In terms of market categories, China's mechanical and electrical products are mainly exported to countries with strong complementarity with China's mechanical and electrical products trade, and in the product category, mainly electrical, electronic, mechanical equipment and other technical mechanical and electrical products. Second, China's GDP, importing country's GDP, importing country's political and social stability have a significant promoting effect on China's export of mechanical and electrical products to countries along "the Belt and Road", while the population size ratio of the two countries has an insignificant inhibiting effect. Third, among the export potential of China's mechanical and electrical products to 61 countries along "the Belt and Road", 28 countries belong to potential re-modeling, 9 countries belong to pioneering potential, and 24 countries belong to great potential. In the future, we should continue to further promote "the Belt and Road" Initiative, strengthen the demonstrated comparative advantages of the electromechanical industry, strengthen the integration of enterprise resources and investment in scientific research, and promote the high-quality development of the Chinese economy. Table and Figures | Reference | Related Articles | Metrics

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The Mechanism and Empirical Test of Digital Inclusive Finance Promoting Green Total Factor Productivity LIU Rongzeng, LI Zien, HE Chun Finance & Economics of Xinjiang    2023, 0 (1): 5-16.   DOI: 10.16716/j.cnki.65-1030/f.2023.01.001 Abstract （412）   HTML （556）    PDF（pc） （1587KB）（565）       Knowledge map    Save With the promotion of digital China construction, digital inclusive finance plays an important role in implementing the new development concept and promoting the improvement of green total factor productivity. This paper uses the economic and social data of 30 provinces, municipalities and autonomous regions in China from 2011 to 2020 to study the impact of digital inclusive finance on green total factor productivity using fixed effect model and intermediary effect model. The results show that digital inclusive finance effectively promotes the promotion of green total factor productivity, and this promotion is more obvious in the eastern and western regions. Digital inclusive finance has significant intermediary effect in promoting green total factor productivity, that is, digital inclusive finance improves green total factor productivity through three channels: technological progress, industrial structure upgrading, and technological progress-industrial structure upgrading. In this regard, we should promote the development of digital inclusive finance by improving the regional basic hardware equipment and popularizing the concept of digital inclusive finance, and training professional financial talents, so as to improve total factor productivity. Table and Figures | Reference | Related Articles | Metrics

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Finance & Economics of Xinjiang    2023, 0 (2): 5-11.   DOI: 10.16716/j.cnki.65-1030/f.2023.02.001 Abstract （134）   HTML （676）    PDF（pc） （777KB）（555）       Knowledge map    Save Reference | Related Articles | Metrics

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Coordinated Development of Border Land Ports and Cities Economy in China—An Empirical Study Taking Xinjiang as an Example XIAO Chunmei, JIN Lin Finance & Economics of Xinjiang    2023, 0 (2): 26-38.   DOI: 10.16716/j.cnki.65-1030/f.2023.02.003 Abstract （155）   HTML （682）    PDF（pc） （2171KB）（549）       Knowledge map    Save Border ports and port cities, as important engines and growth poles for the economic and social development of border areas, promote and develop together. Improving the system of border towns and supporting the construction of border ports is of great significance for promoting the revitalization and prosperity of the border, stabilizing and consolidating the border, and deepening the implementation of regional coordinated development strategies. After measuring the coordinated development level of China's border land ports and cities economy, the paper found that since 2017, with the support of the border opening policies, ports have been more active in development than cities, and the port-city relationship has shown a port driven pattern; In 2020, affected by the COVID-19, port trade were blocked, and the port-city relationship became city driven pattern. Taking Xinjiang as an example, using the coupling coordination degree model to measure the coordinated development level of Xinjiang's border ports and cities economy from 2011 to 2020, the paper found that although the coupling coordination level of Xinjiang's border ports and cities economy has significantly improved, it is still in an imbalanced stage. In order to accelerate the coordinated development of border ports and cities economy, it is of great necessity of strengthening the construction of infrastructure and port open platform, promoting the transformation and upgrading of foreign trade, strengthening talent training and talent introduction, and optimizing the business environment. Table and Figures | Reference | Related Articles | Metrics

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Trade Efficiency and Potential of China's Soybean Imports—Based on the Stochastic Frontier Gravity Model GUO Yanqin, XU Shuhao Finance & Economics of Xinjiang    2022, 0 (3): 30-39.   DOI: 10.16716/j.cnki.65-1030/f.2022.03.003 Abstract （76）   HTML （4）    PDF（pc） （1356KB）（521）       Knowledge map    Save China's soybean imports are highly dependent on foreign countries and have a single import source. Under the background of Sino-US trade conflict, there is great uncertainty in the future. Therefore, based on the stochastic frontier gravity model and the data from 2001 to 2019, this paper measures and analyzes the efficiency and potential of China's soybean import trade. The results show that the efficiency of China's soybean import trade shows a downward trend with time; China's GDP, population and soybean output of source of import have a significant role in promoting China's soybean import. The GDP and the level of urbanization of the country of source of imports, the level of urbanization in China and the exchange rate have a restraining effect on the China's soybean import trade. The direct import of meat products can also reduce the import of soybeans. The population of source of import has no significant impact on soybean import. Secondly, economic and trade organizations, maritime network construction and investment freedom have a significant effect on China's soybean import. In the future, China should strengthen trade cooperation among countries, participate in investment in the construction of shipping network, and pay attention to preventing financial risks. Table and Figures | Reference | Related Articles | Metrics

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The Influence of Employee Attachment Style on Silent Behavior —Based on Psychological Security and the Role of Caring Subordinate Leadership Behavior SHI Qing, GUO Yingying, ZHANG Hongwei, HOU Dongsheng Finance & Economics of Xinjiang    2022, 0 (4): 48-56.   DOI: 10.16716/j.cnki.65-1030/f.2022.04.005 Abstract （251）   HTML （11）    PDF（pc） （1014KB）（477）       Knowledge map    Save Based on attachment theory, evolutionary psychology theory and social information processing theory, this paper constructed a research model of the relationship between employee attachment style and employee silent behavior. A questionnaire survey was conducted to examine the relationship between employee attachment style and silent behavior, the mediating role of psychological security and the moderating role of subordinates' caring behavior. The results show that employee attachment style has a positive relationship with employee silent behavior. Employee attachment anxiety and employee attachment avoidance had significant positive relationship with employee silent behavior, and psychological security played a partial mediating role. The behavior of caring for subordinate leaders negatively moderates the relationship between employees' psychological security and their silent behaviors, that is, the higher the quality of caring for subordinate leaders, the weaker the negative correlation between employees' psychological security and their silent behaviors. Conclusion The research reveals the mechanism and boundary conditions of employee attachment style on employee silence, enriches the related theoretical research results, and provides practical and theoretical guidance for enterprises to effectively reduce employee silence. Table and Figures | Reference | Related Articles | Metrics

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An Analysis and Countermeasures of Trade Statistics Difference Between China and Kyrgyzstan Under the Background of Silk Road Economic Belt HOU Jie, LIU Xuchen Finance & Economics of Xinjiang    2023, 0 (5): 72-80.   DOI: 10.16716/j.cnki.65-1030/f.2023.05.007 Abstract （102）   HTML （4）    PDF（pc） （2893KB）（440）       Knowledge map    Save Since the initiative to jointly build the Silk Road Economic Belt was put forward, China has actively strengthened trade cooperation with countries along it. In recent years, the huge difference in bilateral trade statistics between China and Kyrgyzstan has aroused the high attention of the Eurasian Economic Union. This will have a negative impact on China's deepening trade cooperation with the Union countries. By analyzing the current situation and causes of the trade statistics difference between China and Kyrgyzstan, this paper empirically analyzes two main factors that causes the differences in trade statistics between China and Kyrgyzstan — "differences in trade statistics caliber" and "gray customs clearance", and concludes that "gray customs clearance" is the main reason for the trade statistics difference between China and Kyrgyzstan. On this basis, the paper puts forward policy suggestions such as establishing an effective law enforcement environment, strengthening customs data sharing between China and Kyrgyzstan, ensuring regular customs clearance and encouraging Chinese enterprises to invest in Kyrgyzstan, with a view to providing references for promoting in-depth trade cooperation between China and countries along the Silk Road Economic Belt. Table and Figures | Reference | Related Articles | Metrics

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An Analysis of Green Economic Efficiency Measurement and Influencing Factors in Resource-Based Areas —Take Xinjiang as an Example GAO Zhigang, TIAN Feng Finance & Economics of Xinjiang    2022, 0 (4): 5-18.   DOI: 10.16716/j.cnki.65-1030/f.2022.04.001 Abstract （234）   HTML （582）    PDF（pc） （1662KB）（437）       Knowledge map    Save Green development is one important goal to achieve high-quality development in resource-based regions. A study of on the efficiency of green economy and its influencing factors under the spatial characteristics is of great practical significance to the interpretation of the spatial effect of green economy development in resource-based areas. Taking Xinjiang as an example, this paper uses the panel data of 14 prefectures and cities in Xinjiang from 2000 to 2017 to measure the green economic efficiency of Xinjiang. Based on the measurement results and the spatial correlation test, this paper further establishes a spatial econometric model to analyze the influencing factors and spatial spillover effects of the green economic efficiency in Xinjiang, and puts forward countermeasures and suggestions. The conclusions are as follows: there is a U-shaped relationship between economic development level and green economic efficiency in Xinjiang, the industrial structure and economic openness have significant negative impact on the improvement of local green economic efficiency, and a significant negative spatial spillover effect on the neighboring areas, urbanization level and labor productivity have significant positive effects on the improvement of local green economic efficiency and have significant positive spillover effects on the neighboring areas, independent innovation ability has insignificant positive effect on the improvement of local green economy efficiency and has significant positive spillover effects on the neighboring areas, education level has insignificant negative impact on the improvement of local green economy efficiency and has insignificant positive spillover effect on the neighboring areas. Therefore, it is of necessity to improve the economic policy system, optimize the industrial structure, and make the economy open wider to the outside world, the independent innovation ability more capable, and education level higher to improve the efficiency of green economy. Table and Figures | Reference | Related Articles | Metrics

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Research on the Influence of Local Government Debt on Industrial Structure Optimization —Empirical Analysis Based on the New Development Pattern of "Double Circulation" LI Cheng, SHEN Lin Finance & Economics of Xinjiang    2022, 0 (4): 29-37.   DOI: 10.16716/j.cnki.65-1030/f.2022.04.003 Abstract （253）   HTML （16）    PDF（pc） （832KB）（435）       Knowledge map    Save Based on the panel data of 31 provinces, autonomous regions and municipalities in mainland China from 2015 to 2019, this paper explores the impact of local government debt on industrial structure optimization with the background of "dual circulation" and the relevant factors of "dual circulation" as intermediary variables. The research finds that under the background of "dual circulation", local government debt has a restraining effect on the rationalization of industrial structure and a promoting effect on the upgrading of industrial structure. From the aspect of industrial structure rationalization, the variables of internal circulation level such as resident consumption structure, fixed asset investment rate, real interest rate, technology level and urbanization rate have a significant intermediary effect on the impact of local government debt on industrial structure rationalization, while the variables of external circulation level such as foreign trade level and foreign direct investment level have no significant intermediary effect on the impact of local government debt on industrial structure rationalization; From the aspect of industrial structure elevation, the internal circulation level variables, such as technology level, real interest rate, urbanization rate, and the external circulation level variables, foreign direct investment level, have a significant intermediary effect on the impact of local government debt on industrial structure elevation. In the future, it is of necessity to plan the expenditure direction of local government debt more scientifically, and better promote the optimization and upgrading of industrial structure by promoting the rational allocation of domestic and international market resources, promoting technological progress, and improving the level of urbanization. Table and Figures | Reference | Related Articles | Metrics

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A Study of the Path of Digital Economy Promoting the Digital Transformation of Xinjiang's Foreign Trade DUAN Xiufang, ZHOU Dufeng Finance & Economics of Xinjiang    2023, 0 (3): 69-80.   DOI: 10.16716/j.cnki.65-1030/f.2023.03.007 Abstract （446）   HTML （8）    PDF（pc） （821KB）（432）       Knowledge map    Save Since the report of the 19th National Congress of the Communist Party of China proposed the construction of a digital China, China's digital economy has developed rapidly and gradually become an important support for achieving the digital development of China's foreign trade. The report of the 20th National Congress of the Communist Party of China further proposes to "accelerate the development of the digital economy" and "promote digital trade to accelerate China's transformation into a trader of quality". In this context, it is of great practical significance to study how the digital economy supports the digital transformation of Xinjiang's foreign trade. From the perspective of mechanism, the digital economy promotes the digital development of Xinjiang's foreign trade through three aspects: promoting digital industrialization and industrial digitization, bringing digital elements for improving quality and efficiency, and improving the innovation ability of enterprises. At present, Xinjiang's digital trade service platform has been initially established, and the digital transformation of foreign trade has a preliminary industrial foundation. However, restricted by such factors as small scale of digital economy, low proportion of digital economy, low integration of digital industry and traditional industry, insufficient use of digital elements, and insufficient digital technology innovation capability, Xinjiang's foreign trade digital transformation is faced with such problems as low driving force of digital economy. Therefore, this paper proposes paths such as improving digital infrastructure, cultivating and guiding digital industries, improving the level of industry digitization, building a digital factor market, enhancing digital innovation capabilities and talent cultivation, and effectively promoting the digital development of Xinjiang's foreign trade. Table and Figures | Reference | Related Articles | Metrics

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Can Green Credit Promote the Green Transformation and Upgrading of Industrial Structure?—An Analysis Based on Provincial Panel Data in China SONG Qinghua, TAN Xiaoman Finance & Economics of Xinjiang    2023, 0 (3): 29-35.   DOI: 10.16716/j.cnki.65-1030/f.2023.03.003 Abstract （145）   HTML （356）    PDF（pc） （848KB）（402）       Knowledge map    Save At present, the scale of green credit ranks first in the world. Green credit is an important green financial product, which can affect the green transformation and upgrading of industrial structure through technological progress mechanism and squeezing out effect mechanism. Based on the regression analysis of the provincial panel data from 2011 to 2020 using the fixed effect model, it is found that green credit has a significant positive promoting effect on the green transformation and upgrading of China's industrial structure at the national level. From the perspective of different regions, the impact of green credit on the green transformation and upgrading of industrial structure in China's four major regions shows obvious regional heterogeneity. In the future, differentiated green credit policies, innovative green credit products, and incentive and constraint mechanisms of green credit should be implemented, so as to further promote the green transformation and upgrading of our industrial structure. Table and Figures | Reference | Related Articles | Metrics

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Finance & Economics of Xinjiang    2022, 0 (5): 5-8.   DOI: 10.16716/j.cnki.65-1030/f.2022.05.001 Abstract （226）   HTML （1356）    PDF（pc） （740KB）（376）       Knowledge map    Save Reference | Related Articles | Metrics

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An Exploration on the Optimization Path of Budget Performance Management in the New Era —Qualitative Comparative Analysis Based on Fuzzy Sets JIA Yanan, ZHANG Wenbo Finance & Economics of Xinjiang    2022, 0 (5): 38-46.   DOI: 10.16716/j.cnki.65-1030/f.2022.05.006 Abstract （228）   HTML （41）    PDF（pc） （864KB）（374）       Knowledge map    Save Budget performance management is a performance management based on budget, which is an important part of government performance management. Taking 31 provincial local governments in China in 2018 as research cases, this paper uses the fuzzy set qualitative comparative analysis (fs/QCA) method to analyze the relevant indicators that affect the reform of budget performance management, and reveals how different factors combine to influence the reform of local government budget performance management. The research finds that economic development, fiscal decentralization, fiscal transparency and organizational redundancy are the main factors affecting the reform of local government budget performance management. Effective promotion of budget performance management requires multiple factors to work together. In the future, local governments should be more active in developing the economy externally and attracting talent inflows. They should further improve financial transparency, eliminate organizational redundancy and reduce administrative costs internally, so as to effectively promote budget performance management. Table and Figures | Reference | Related Articles | Metrics

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Finance & Economics of Xinjiang    2022, 0 (6): 14-17.   DOI: 10.16716/j.cnki.65-1030/f.2022.06.003 Abstract （54）   HTML （1）    PDF（pc） （718KB）（372）       Knowledge map    Save Reference | Related Articles | Metrics

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Study on Trade Efficiency and Trade Potential of Sino-African Agricultural Products—Redemonstration Based on China Africa Agricultural Trade Data YANG Yinghong, LI Haifeng, LI Yan Finance & Economics of Xinjiang    2022, 0 (3): 70-80.   DOI: 10.16716/j.cnki.65-1030/f.2022.03.007 Abstract （62）   HTML （3）    PDF（pc） （1332KB）（370）       Knowledge map    Save Based on the agricultural trade data of 35 countries between China and Africa from 2010 to 2019, this paper constructs a stochastic frontier gravity model and a trade inefficiency model to calculate the trade efficiency and trade potential of China Africa agricultural products, and analyzes the main influencing factors of Sino-Africa agricultural products trade efficiency and trade potential from four aspects: infrastructure level, economic system environment, political system environment, and the signing of "the Belt and Road" cooperation agreement. The results show that the average trade efficiency of agricultural products between China and Africa is 0.35, which shows a stable upward trend; Good liner transportation capacity, higher government financial expenditure, higher government work efficiency, and the signing of the "the Belt and Road" cooperation agreement can significantly improve trade efficiency; The countries with the highest trade efficiency in Sion-Africa agricultural products trade are South Africa, Mauritius and Egypt, and the countries with the greatest trade potential are Nigeria, South Africa and Benin; In addition, from a sub-regional perspective, the trade efficiency of northern Africa is high, the trade potential of Western and southern Africa is large, and the trade expansion space of eastern and Central Africa is large. In the future, it is significance to further optimize the agricultural industrial structure, improve the efficiency of agricultural trade, and promote the sustainable and high-quality development of Sino-Africa relations. Table and Figures | Reference | Related Articles | Metrics

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A Study of Coupling and Coordinated Development of Tourism Industry, Regional Economy and Ecological Environment in Five Provinces of Northwest China LI Xiaohu, YANG Wenjing, WANG Liming Finance & Economics of Xinjiang    2022, 0 (4): 38-47.   DOI: 10.16716/j.cnki.65-1030/f.2022.04.004 Abstract （369）   HTML （21）    PDF（pc） （3271KB）（369）       Knowledge map    Save Based on the concept of high quality development, this paper constructs the evaluation index system of tourism industry,regional economy and ecological environment. Taking five provinces and regions in northwest China as an example, the comprehensive development index of each region and system from 2010 to 2019 was synthesized to evaluate its coupling coordination degree. The conclusions are as follows: during the study period, the tourism industry grew significantly, with the index value of up to 0.87 in 2019; the comprehensive development level of regional economy is relatively low, and the average value of the index fluctuates within 0.44 to 0.54. The overall development trend of ecological environment in all five provinces and regions is consistent. The coupling coordination degree of the three systems was nearly out of balance in 2010 to good coordination in 2019 with the index rose from 0.47 to 0.83. The scissors difference analysis shows that the evolution rate gap between the two systems is gradually narrowing, and there is a trend of coordinated evolution. In view of this, it is of great necessity for these five provinces and autonomous regions to take their advantages of location and policy to promote economic development and infrastructure construction based on the concept of coordinated development of regional integration, strengthen ecological protection and environmental supervision and governance, and create a friendly development featuring regional mutual assistance, symbiosis and mutual benefit. Table and Figures | Reference | Related Articles | Metrics

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Rethinking Tax Policy of Boosting Household Consumption Under New Development Paradigm MA Haitao, WEN Yuchen Finance & Economics of Xinjiang    2023, 0 (4): 5-14.   DOI: 10.16716/j.cnki.65-1030/f.2023.04.001 Abstract （98）   HTML （5）    PDF（pc） （829KB）（359）       Knowledge map    Save Expanding domestic demand is the strategic basis of building the new development paradigm, while the tax policy has a deep impact on residents' consumption ability. Based on the province-level panel data from the 2011 to 2020, this paper examines the effects of China's tax policies, which mainly focus on tax reduction and tax structure adjustment, on household consumption since the financial crisis. The results show that with the increase of tax reduction and the implementation of local governments, the growth rate of per capita tax has been slowed down and the consumption rate of local residents has been effectively increased. The optimization of the overall tax structure accompanied by the implementation of the tax reduction policy can play a positive role in the consumption rate of residents by improving the income distribution among groups. In future, we should continue to implement targeted tax reduction policies, further optimize the structure of the tax system, increase the adjustment of intergroup income, boost residents' consumption confidence, and truly release the consumption potential of residents. Table and Figures | Reference | Related Articles | Metrics