This paper aimed to accurately assess the driving effect of digital inclusive finance (DIF) on green economic growth, better implement DIF-related policies, and promote the development of green economy. Based on the urban panel data from 2011 to 2018 and the DIF index, this paper investigates the impact of DIF on economic green development and its internal mechanism. The results show that there is a significant positive U-shaped nonlinear relationship between DIF and green development. Through the robustness test of the threshold model, instrumental variable model (IV), and system generalized method of moments (SYS-GMM) model, the results are still valid. The mechanism research shows that the DIF can indirectly promote China’s green development by the coagglomeration degree of producer services and optimize and upgrade industrial structure. This study provides policy implications for developing countries around the world to achieve green development by promoting the DIF level.

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As one of the developing countries, China's export trade mode (ETM) has gradually shifted from processing trade to general trade. Is the deterioration of China's environmental pollution caused by the transformation of ETM? Based on the panel data from 194 cities in China from 2000 to 2016, this paper investigates the impact of ETM transformation on the environmental pollution and its internal mechanism. The results show that: the ETM is gradually shifting from processing trade to general trade, environmental pollution will deteriorate first and then improve, that is, showing a significant “inverted U-shaped” relationship between the transformation of ETM and environmental pollution. Through the robustness test of the threshold, and SYS-GMM model, the results are still valid. The mechanism research shows that the upgrading of industrial structure, energy structure, industrial agglomeration, environmental protection investment and resource allocation are the main mechanism that the transformation of ETM affect environmental pollution. The conclusions of this study can provide empirical evidence for the process that the environmental pollution level of developing countries deteriorated and then improved during the process of transforming from processing export trade to general export trade.