The essential requirement of Chinese modernization is to achieve high-quality development and harmonious coexistence between man and nature. In this context, based on panel data from 30 provinces from 2012 to 2021, this article studies the impact of digital finance on the green development of the manufacturing industry from different perspectives, and explores possible ways for digital finance to empower the green development of the manufacturing industry. This article first uses the SBM model to measure the green development level of my country's manufacturing industry, and analyzes the spatiotemporal evolution characteristics of digital finance and manufacturing green development levels. Next, using a two-way fixed effects model, this paper finds that digital finance has a significant positive role in promoting the green development of the manufacturing industry. The robustness of the core conclusions of this article is proved by excluding regional panels and time panels. Heterogeneity analysis shows that the positive impact of digital finance on the green development of manufacturing is strongest in the eastern region, followed by the central region, and weakest in the western region. Based on the above research, this article proposes improvement paths and policy recommendations to establish a green manufacturing digital financial ecosystem to promote digital finance to empower the green development of the manufacturing industry.

Yinchun Chen. Research on the impact of digital finance on the green development level of manufacturing industry. Academic Journal of Business & Management (2024) Vol. 6, Issue 7: 198-204. https://doi.org/10.25236/AJBM.2024.060727.

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