What is Digital Financial Services

In this chapter, the authors examine the causes, consequences, and potential development of financial inclusion in China. It explores how factors including financial literacy and regulatory settings, as well as novel financial inclusion strategies, have shaped China's inclusive financial system. It examines the effects of financial inclusion on several economic and social metrics. The chapter finishes with suggestions for improving financial inclusion in China, which might serve as examples for other countries, and identifies emerging areas of study and theoretical discourse.