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At the stage of high-quality economic development, sustainable economic growth is worthy of attention. The supporting role of financial development for sustainable economic growth will become more important. This article aims to identify the influence of financial development on sustainable economic growth and its impact mechanism. Based on measuring the level of sustainable economic growth, this article theoretically and empirically identifies the impact of financial development on sustainable economic growth and its mechanism by adopting the panel data from 283 prefecture-level and above cities in China. The empirical results show that financial development is conducive to improving sustainable economic growth through the mechanism of capital deepening and technological innovation. Furthermore, for type I large and medium cities, financial development is conducive to enhancing sustainable economic growth, while the effect is not significant for type II large and small cities. Therefore, the local government could promote financial supply-side reform and implement differentiated financial development strategies for sustainable economic growth from aspects of capital deepening and technological innovation.

In this article, we analyzed the impact mechanism of Internet finance on the efficiency of regional financial resource allocation. A data envelopment analysis–Malmquist model is used to measure the...

The negative impact of distribution power losses is often passed down as costs to customers. Besides, the percentage of distribution losses is one of the important indicators to evaluate the performance of a distribution company. Therefore, minimizing distribution power losses shall be one of the key objectives of a distribution company. In this paper, a typical case of power loss reduction and the project’s effect in the supply area of a typical substation in Huangshan city in china are given to demonstrate the common practices that China uses to reduce technical distribution power loss.