Financial accessibility, industrial revitalization, and income mobility: evidence from rural China

By using data from the Points of Interest (POI) and the China Household Finance Survey (CHFS) from 2015, 2017, and 2019, this study empirically finds that formal financial accessibility significantly improves rural income upward mobility, particularly for low-income households. Industrial revitalization strengthens this effect, especially through the development of secondary and tertiary sectors. These findings offer practical implications for enhancing rural finance and promoting targeted industrial development.